Greece Greek crisis /3

Subscribe to our free email alert service

What is the problem with the debt?

Despite the reduction in debt, the drop in Greek GDP has resulted in a drastic increase in debt with respect to GDP. The country's debt level is currently at 177.10% of GDP. This means it has the largest debt with respect to GDP within the eurozone, well ahead of second-placed Italy whose debt is running at 132.10% of GDP.