Greek public debt climbs to €326.4 billion

The Greek public debt has increased by five billion over the past year, and now totals €326.358 billion (approx. $352 billion), RIA Novosti reports, citing the country’s Ministry of Finance. In 2015, Athens managed to slightly reduce the figure to €321.332 billion, compared to just over €324 billion in 2014. Greece has been facing a deep economic crisis for nearly a decade now, with public debt more than tripling compared to the prior crisis figures, RIA says. In January, a confidential  by the International Monetary Fund (IMF), which is one of the main creditors for Athens, said that the country is likely to face an “explosive” surge in public debt with only significant debt relief capable of easing the situation.

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