Greece’s punishing debt load

Greece’s radical left Syriza party says it wants at least a third of the government’s €317 billion debt to be written off. The debt – mostly incurred to bailout banks – represents 175% of gross domestic product 
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Greek government debt (€bn)

08 09 10 11 12 13 14

0 100 200 300 400 

€263bn

€300bn

€350bn

€321bn

€159.5bn 77% of bailout funds go to Greek banks and banks holding Greek bonds

2010-14: Greece receives €206.9bn* in bailout loans

Oct 2009: Debt crisis 
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Other €17bn

Market debt (non-central banks) €54bn

IMF €24bn

ECB €27bn

Eurozone bilateral loans €53bn

European Financial Stability Facility (EFSF) €142bn
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Sovereign debt reduction † (percentage of GDP)

2014 175%

15 7% 168%

16 11% 157%

17 8% 149% 

18 7% 142% 

19 7% 135% 

20 7% 128%

21 6% 122%

22 5% 117%
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* Of €110bn bailout from so-called troika – eurozone countries, ECB and IMF – in 2010,
and further €172.6bn bailout in 2012, €206.9bn has been paid out in 23 tranches

†IMF assumes average growth of 4.9%. Greek Finance Ministry projects 2.9% growth in 2015
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Sources: IMF, Societe Generale, Financial Times

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