Saturday, February 4th., 2017
Greek public debt climbs to €326.4 billion –
Ministry of Finance
The
Greek public debt has increased by five billion over the past year, and
now totals €326.358 billion (approx. $352 billion), RIA Novosti
reports, citing the country’s Ministry of Finance. In 2015, Athens
managed to slightly reduce the figure to €321.332 billion, compared to
just over €324 billion in 2014. Greece has been facing a deep economic
crisis for nearly a decade now, with public debt more than tripling
compared to the prior crisis figures, RIA says. In January, a
confidential report by
the International Monetary Fund (IMF), which is one of the main
creditors for Athens, said that the country is likely to face an “explosive” surge in public debt with only significant debt relief capable of easing the situation.