Sunday , July 14 2024
Home / News / Economy / Greece’s debt stands at 345.3 billion euros, rose by 1.6bn in Q2

Greece’s debt stands at 345.3 billion euros, rose by 1.6bn in Q2

Threes days before Greece celebrates the exit form the bailout agreement and the General Accounting office revealed the bitter truth on Friday. The country’s debt rose by 1.6 billion euros in the second quarter of 2018.

Greece’s central government debt reached 345.3 billion euros at the end of June, up from 343.7 billion euros three months earlier.

The state’s cash reserves stood at 13.08 billion euros, up from 12.32 billion euros at the end of March, the accounting office said.

The debt is made up of bonds and short term finance amounting to 68.13 billion euros and loans of 277.24 billion euros. 

The loans include those by the European Stability Mechanism and the International Monetary Fund.

PS Never mind the debt, we still have the sun above and the sea in front of us….

Check Also

Housing prices in Greece soar amid short supply and high demand

Ηousing prices in Greece continue their upward trend in 2024, with the most significant increases, …

One comment

  1. Just keep on believing that the EU, ECB, and IMF have greece’s wellbeing in mind and everything will be all right.