Greece’s debt stock will remain very high for a long time, but debt sustainability is underpinned by several mitigating factors, Fitch Ratings said in a new report on Monday, ANA reports.
Greece’s general government debt to GDP rose to 207% of GDP at the end-2020 from 181% in 2019 as a result of the severe shock to the country’s public finances caused by the pandemic. We expect the debt ratio to remain at this level this year prior to declining to 193% by 2022, the credit rating agency said.
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