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Erschienen in:
1993 | OriginalPaper | Buchkapitel
Public Sector Debt and Deficits in Greece: The Experience of the 1980s and Future Prospects
verfasst von : Yannis A. Stournaras
Erschienen in: Debt, Deficit and Economic Performance
Verlag: Palgrave Macmillan UK
Enthalten in: Professional Book Archive
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Over the last ten years the ratio of Greek public debt to GDP has increased by more than three times. At the end of 1989 it will be very close to unity, which is one of the highest in Europe and among the OECD countries. At the end of the 1970’s it was among the lowest in Europe, which implies a record rate of increase over the period in question. In addition, this ratio seems now to have been stabilized in most OECD countries while it keeps on rising rapidly in Greece.