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32 Comments
Source: https://www.ceicdata.com/en/indicator/greece/government-debt—of-nominal-gdp
There will be also some early payments next months which means that the debt will continue decreasing fast and it looks like soon Italy will be above Greece in terms of debt to GDP in the EU
Source: https://www.businessdaily.gr/english-edition/128686_mitsotakis-greece-will-repay-five-billion-euros-debt-early-2025?amp
Greece has reduced its debt to GDP ratio by 30%,
it used to be 50% higher.
Math is weird 😉
Damn. Of all the things making me feel old lately, this one was the worst. I never thought I’d live long enough to see Greece come out the other side
inflation helped as well for that .
Just in time for borrowing more for the new crisis caused by the Trump tariffs.
Yeah, easy enough: the Greek government taxes the hell out of the middle and lower classes to pays debts and the economy is in the brink of collapse. Rents skyrocketed, retail prices raised on a monthly basis, wages stuck for a decade and the government has a surplus. Great job, lmao.
US is the opposite
50 percentage points not 50%. If they decreased by 50% they would have half of the 210% debt to GDP ratio = 105%
I guess it’s now Germanys time to do their homework
Mitso on fire 🔥
how to not read a graph correctly.
Now overlay a chart of emigration of skilled young Greeks…
Is this a good thing? If it came at the expense of defunding schools and hospitals, I’m not so sure.
More like 30%!
Still impressive!
Fraudulent title for a fraudulent graph.
The debt structure of Greece is advantageous due to the majority of lenders being public European partners offering low fixed interest rates and long-term agreements. While this positive development has alleviated debt concerns, the benefits have not been fully realized by the population.
Looks like greek math to me
im guessing thats a really good thing? you go greece
Well, That was a pain in his ass for Greece, but All We need to undertand is his economy increase and inflation help them.
This economic moment was good for them, bad for germany, so we still need some second money, a strong Euro es not for all, look at Spain.
That’s good. but 60% is still a ways off. and you proberbly should be around les then 40% of GDP
That Y axis…
May that be because they get money for those mysterious oil ships on the coast Where india and other countries get their nice and cheap oil from russia?🫣
We as greeks we are been forced to pay bank debts and not actual national debt. All the governments that came after 81
Are all liers and thief’s.
What was the cost paid by citizens for this achievement?
Lets not celebrate this. Greece is screwing over its workers badly to achieve this and they never deserved the measures from the EU they faced.
Two words : Santorini and Mykonos.
Its a whore house literally
And america is printing like there is no tomorrow. Everything’s inflating. While Europe is going south. Crazy. Can only hope more and more people understand bitcoin.
Bad graph, wrong headline. Ahhh, statistics… It’s always wrong
Thanks for the lack of units
So what does this accomplish exactly for people in Greece? Hoe does this affect their lives?
At what cost tho
210 to 165 is 50%?
Also graphic 0 starts from 160.
Idiotic image.