Greece achieves largest public debt reduction in Europe according to Eurostat.

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3 sourcesFirst reported 8 hours agoUpdated 7 hours ago

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Greece achieved the largest reduction of public debt in Europe, according to Eurostat.
The country's public debt decreased by 9.4 percentage points over the past year.
Greece's debt reduction was nearly 70 percentage points compared to the record high during the pandemic.
This performance marks Greece as having the highest debt reduction rate in both the EU and OECD.
The data reflects Greece’s status as the top performer among the 27 EU member states for the first quarter of 2026.

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According to Eurostat data released on July 21, 2026, Greece has achieved the largest reduction in public debt among European Union member states. Over the past year, the country's public debt decreased by 9.4 percentage points, marking a significant decline of nearly 70 percentage points compared to the peak levels recorded during the COVID-19 pandemic.

This performance places Greece at the forefront of both the European Union and the Organisation for Economic Co-operation and Development (OECD) in terms of debt reduction rates. The improvement has been noted as part of a broader recovery trajectory, symbolizing Greece's progress in managing its fiscal challenges more effectively than its counterparts within the EU.

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Greece achieves largest public debt reduction in Europe according to Eurostat.

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