Greek private debt below EU average rate

Private debt in Greece remains stable and lies below the European Union average, Deputy Finance Minister Haris Theocharis said in Parliament on Friday.

Responding to PASOK - Movement for Change Deputy Michalis Katrinis, who filed a question on "government failure to manage private debt," Theocharis said: "The opposition's claim that the issue of private debt in Greece is getting worse is inaccurate. Private debt remains stable in Greece, at around 120% of GDP for 2019-2022."

The average private debt in the EU is 135%.

Progress achieved by the New Democracy government's interventions is proven by the values of the debts in arrears index, he said, as a percentage of the total private debt.

"This figure had been restricted to 62.1% by the end of 2022, from 68.3% in 2019, while the trend is clearly to de-escalate. Therefore, we are seeing that the issue of...