Greek debt at 16-year low – Historic decline after a decade of bailouts. Almost 70% points reduce in just 5 years (data source: Bloomberg)

13 comments

1. Greece just speedran fiscal recovery someone give them a gold drachma.

2. So austerity worked. Dont tell the Greeks.

3. I get 900 a month and rent is 500. Good numbers but we never really left the crisis, it just became the new reality

4. well thats just paper money, nothing to do with real economical development in the country.

5. Perfect timing so that they can bail out Germany this time

6. Thats good but how is greece doing internally? How are the people, how is life with the average income while renting getting groceries, free time etc

7. Greece will have no debt by 2035 at this rate.

8. This is good because the government will have the ability to invest in the social safety nets that were sacrificed. HOWEVER, wage growth is still a problem that needs to be addressed, cost of living has gone up too much and wages have not caught up. A lot of work to be done in Greece still.

9. That’s the ratio not the debt. Inflation brings everything up, except stable pre-determined amounts, such as debt, so the ratio decreases.

   The same thing has happened in almost every country during the same period due to the global inflation since COVID-19.

10. Athens might get a collect call from +33 soon

11. This is very impressive and Greece deserves to be congratulated, although it is undeniable that things have become tougher for the Greeks after the debt crisis.

12. Debt has been transfered onto workers.

13. You can even see it in this graph that the headline is bs . The graph starts at 2009 the  debt was considered high then. Then austerity measures hit the gdp  and then COVID. And now gdp is recovering so the percentage is improving but the debt is there and the wages are stuck back in time. So yea a decade after bailing out some banks and the government we are back at the start at best

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