Greece ponders how to deal with rising unpaid private debt, which hit 88 pct of GDP

Economy Tags: Debt

Unpaid private debt in Greece is estimated to have reached around 160 billion euros, which corresponds to 88 percent of GDP, but was largely ignored until the last few days, when it became a key issue in the discussion between the government and the troika.

Apart from the outstanding amount, the dynamic, which clearly shows a steady upward trend, is also a worrying factor.

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