Bloomberg News

Greece’s Debt Reached 159.1% of GDP in Third Quarter, EU Says

February 05, 2012

(For more on Europe’s debt crisis, click on EXT4.)

Feb. 3 (Bloomberg) -- Greece’s debt reached 159.1 percent of gross domestic product in the third quarter of 2011, the European Union said, approaching the EU’s full-year forecast of 162.8 percent.

The 17-nation euro area’s aggregate debt was 87.4 percent of GDP in the third quarter, according to Eurostat, the EU’s Luxembourg-based statistics office.

Portugal’s third-quarter debt was 110.1 percent and Ireland’s was 104.9 percent, Eurostat said.

--Editor: Patrick G. Henry

To contact the reporter on this story: James G. Neuger in Brussels at jneuger@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net


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