Italy Set to Overtake Greece as Eurozone’s Most Indebted Nation in 2026
It appears that the long-held position of Greece as the Eurozone’s most indebted nation might be shifting, with some sources suggesting that Italy could overtake it by 2026. This forecast is based on differing rates of debt reduction between the two countries. While Greece has been actively and quite successfully trimming its debt relative to its economic output, Italy’s debt has, in some analyses, shown a stabilization or even a slight increase in recent years, leading to this projection.
The disparity in how these countries are managing their debt is quite significant. Greece has managed to shrink its public debt by a remarkable margin, reportedly by more than 45 percentage points of its Gross Domestic Product (GDP) since 2020.… Continue reading
Matt Underwood