largest economies between

Lastly, fiscal discipline matters. Whereas an increase in the ratios of public debt to GDP was recorded in the Eurozone’s four largest economies between 2019 and 2023, Portugal and Greece, which were having to deal with bailouts a decade ago, have managed to significantly reduce their levels of public debt, which has resulted in lower 10-year bond yields compared with Spain and France, in the case of the former, and compared with Italy in the case of the latter. ufabet