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The Greek Current
The Greek Current

Greece: From Europe's black sheep to a world leader in debt reduction

On Tuesday Prime Minister Mitsotakis highlighted to German Chanellor Olaf Scholz that Greece has the fastest rate of debt reduction in the world. From around 206% of GDP in 2020, Greek debt is expected to decline this year to around 160% of GDP, and this downward trajectory is expected to continue throughout the decade. Yannis Palaiologos, a journalist at large with Kathimerini and the author of the book The 13th Labour of Hercules: Inside the Greek Crisis, joins Thanos Davelis to look at how Greece has gone from the black sheep of Europe to becoming a leader in debt reduction, discuss how to keep this momentum going, and look at what broader lessons arise for both the EU and the US from Greece’s debt Odyssey.

You can read the articles we discuss on our podcast here:

Greece, a debt cut champion

With Grexit Averted, Guess Whose Debt Outperforms?

Prime Minister Kyriakos Mitsotakis’ statements at the joint press conference with German Chancellor Olaf Scholz in Berlin

EU countries are haggling over how to tackle high debt and deficit. Here's why it matters

Moody’s warning on the massive U.S. debt burden has turned into a nonevent

Athens taking bigger role in Gaza aid

Gerapetritis to visit Ramallah for meeting with PA officials

Turkey's Erdogan labels Israel a 'terror state', slams its backers in West

Turkey’s parliament to debate Sweden’s NATO bid as Erdogan eyes Biden invite

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