Italy may replace Greece as the country with the most debt in the Eurozone.

According to two sources and data from the Italian budget plan, by the end of this year, Greece will no longer be the most indebted country in the eurozone, as its public debt will be lower than Italy's. Two senior officials said that Greece's debt-to-GDP ratio is expected to drop from 145.9% in 2025 to around 137% this year. In contrast, according to the multi-year budget plan released by the Italian Ministry of Finance this week, Italy expects its debt-to-GDP ratio to peak at 138.6% in 2026, an increase of 1.5 percentage points from 137.1% in 2025.