In a major shift for European economies, Italy is on track to replace Greece as the euro zone's most indebted country by the end of 2026. 🔄🇮🇹🇬🇷
According to sources and official budget data, Greece's public debt is projected to fall to around 137% of its GDP this year, down from 146.1% in 2025. Meanwhile, Italy's debt is expected to peak at 138.6% of GDP in 2026, edging it into the top spot.
Think of it like a high-stakes leaderboard flip: Greece has been carrying the "most indebted" title for years, but its economic recovery play is finally paying off. Italy, however, is seeing its debt ratio tick up slightly.
"Greece would cease to be the euro zone's most indebted country from this year," two senior officials said. The new estimates will be part of Greece's fiscal plan submitted to the European Commission soon.
Looking ahead, Italy's budget plan shows its debt stabilizing around 138.5% in 2027 before a gradual decline in the following years. It's a reminder of the long, complex game of economic management in the EU. 📊
For young professionals and investors watching global markets, this shift is a key indicator of fiscal health and risk within the euro zone's major economies. It highlights the ongoing challenges and recoveries shaping Europe's financial landscape.
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Italy set to replace Greece as euro zone's most indebted country
cgtn.com
