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Eurozone

Monetary union of 20 European Union countries

Business · Eurozone government debt rises to 88.8% of GDP as Italy closes in on Greece

Eurozone government debt rose to 88.8% of gross domestic product in the second quarter of 2026, up from 87.3% a year earlier, according to Eurostat. Italy's debt ratio now stands just 0.9 percentage points below Greece's, the bloc's most indebted member, while France's ratio climbed to 119.1% as its 10-year bond yield exceeded 5% for the first time since 2002.