The expected improvement in public finances is expected to produce a lower public borrowing requirement in 2006. The government predicts that the debt-to-GDP ratio, which is still the highest in the eurozone, will fall to 104.8% in 2006 from an estimated 107.9% in 2005 and 109.3% in 2004.
Greece plans to borrow about €30 billion in 2006, compared with an estimated €37 billion last year, according to Spyros Papanicolaou, director general at Greece’s Public Debt Management Agency (PDMA).
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