Eurozone public debt reaches 97% of total GDP
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The national debt of the eurozone countries has reached 97% of total GDP, Paolo Gentiloni, European Commissioner for Economic Affairs, told reporters in Prague.
On Friday, an informal meeting of EU economic ministers is taking place in Prague.
“Government debt, of course, has grown as a result of all crises and now stands at 97% in the eurozone,” Gentiloni said during a conversation with reporters.
He added that the eurozone has so far maintained modest growth and low unemployment, but huge inflation threatens a recession. To prevent this, it is necessary to take measures of financial regulation and fight against the energy crisis.
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