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Eurostat: Greek public debt at 174.1 pct of GDP

Eurostat: Greek public debt at 174.1 pct of GDP

Greece's public debt reached 174.1 percent of GDP in the first quarter of 2014, reports ANA-MPA according to Eurostat.

The EU executive's statistics office, in a report released here, said that the Greek public debt fell by 1.0 percent compared with the fourth quarter of 2013, but it was up 13.5 percent compared with the first quarter of 2013.

Eurostat said that from the total 174.1 percent of GDP, 131.3 percent were loans and 42.4 percent other securities. In absolute numbers, the Greek debt fell to 314.8 billion euros, from 318.7 billion euros in the fourth quarter of 2013.

Greece had the highest public debt in the EU, followed by Italy (135.6 percent) and Portugal (132.9 percent), while Estonia (10 percent), Bulgaria (20.3 percent) and Luxembourg (22.8 percent) the lowest public debts.

Eurozone's public debt rose to 93.9 percent in the first quarter of 2014, from 92.7 percent in the previous quarter, while in the EU, the public debt rose to 88 percent from 87.2 percent.