Consolidated debt in the Euro Area fell to the lowest level in fours years, according to 3Q2016 figures released today.
The overall average for the monetary union fell to 90.1% of GDP in the third quarter, with continued wide dispersion among its members. Greece remains closer to 180% of GDP– nearly three times the ECB’s mandated 60% limit. Denmark and Sweden (both with debt to GDP at ~40%) are the only two countries to have consistently maintained debt within the prescribed parameters.
