Source link : https://europ.info/2025/10/13/greeces-public-debt-set-to-return-to-2009-levels-greekreporter-com/
Greece’s public debt is projected to climb back to levels last seen in 2009, raising fresh concerns about the country’s fiscal stability and economic recovery. According to recent analyses, government borrowing and budget deficits are driving the debt ratio upward, reversing years of gradual improvement since the height of the European debt crisis. This development is likely to prompt renewed scrutiny from international creditors and put pressure on Athens to implement further financial reforms.
Greece Faces Renewed Economic Challenges as Public Debt Approaches 2009 Levels
After years of gradual recovery from the financial crisis, recent economic indicators suggest that Greece is once again grappling with a mounting public debt burden. Analysts warn that the debt ratio is edging dangerously close to levels last seen in 2009, raising concerns about fiscal sustainability and the country’s ability to meet its obligations without renewed austerity measures. Key drivers behind this resurgence include rising global energy prices, increased government spending amid geopolitical tensions, and slower than anticipated economic growth rates across Europe.
Experts highlight several contributing factors exacerbating the situation:
- Inflationary pressures pushing up costs for households and businesses alike.
- Higher borrowing costs impacting new debt issuance and refinancing options.
- Structural labor market challenges impeding productivity improvements.
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Author : Atticus Reed
Publish date : 2025-10-13 23:10:00
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