Italy to Overtake Greece as Most Indebted Euro Nation

Greek public debt is projected to drop to 137% of GDP this year while Italys ratio rises to 138.6%. This shift marks the first time in decades Greece is not the most indebted.

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Greece is poised to lose its long-held status as the most indebted nation in the euro zone, with its public debt levels expected to fall below those of Italy as early as this year. According to senior officials and data from Rome's latest multi-year fiscal plan, a significant shift in the region's economic landscape is underway.

The Milan skyline glows under a sunset sky as clouds hover over the Italian city in early 2026. REUTERS/Daniele Mascolo
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