Public Sector Debt and Deficits in Greece: The Experience of the 1980s and Future Prospects

Part of the Central Issues in Contemporary Economic Theory and Policy book series (CICETP)


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.


Public Sector Real Interest Rate Public Debt General Government Current Account Deficit 
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Copyright information

© SIPI Srl. Rivista di Politica Economica 1993

Authors and Affiliations

  1. 1.Bank of Greece and University of AthensGreece

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