Only Greece and Portugal have a realistic prospect of reducing their public debt-to-GDP ratio in the next two decades, the German Economic Institute said on Wednesday, ANA reports.
According to a report by the Institut der Deutschen Wirtschaft (IW), the debt index in the European South is expected to keep rising, especially in France, Spain, and Italy. As IW senior economist Bjorn Kauder notes in the report, Greece may be at a worse starting point in terms of numbers, but “will have good prospects during normal times.”
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