Greece Leads EU in Public Debt Reduction with Record 9.4-Point Drop

Greece emerged as the European Union’s champion in public debt reduction during the first quarter of 2026, slashing its debt-to-GDP ratio by 9.4 percentage points year-over-year. According to official Eurostat data, the nation reduced its debt to 143.5% of its gross domestic product.  The drop marks a 69.4-point improvement from its pandemic-era peak of 212.9% in the first quarter of 2021. The achievement represents the fastest debt reduction rate within the 27-member EU and in the history of...

By ANTHEE CARASSAVA