Putin pointed to the growth of the eurozone's public debt to 81% of GDP

The eurozone's public debt has grown to over 81% of GDP, with France, Italy and Greece performing the worst. This was stated by Russian President Vladimir Putin on June 5 during the plenary session of the St. Petersburg International Economic Forum (SPIEF-2026).

"The national debt of the eurozone has grown to 81.7% of GDP in 2025. The worst indicators are known: in Greece — 146%, in Italy — 137%, in France — 115%, in Belgium — 108%," said the President of the Russian Federation.

At the same time, Russia's national debt by the end of 2025 ranged from 15.8% to 16.4%, which, according to the head of state, is incomparable with Europe. Putin noted that such a situation is dangerous for Western currencies with a new surge in inflation.

"This has already happened in 2021-2022, when prices in the euro area and the United States increased by 14% in two years. It is obvious that in such conditions, the countries of the world are reducing assets in the West and transferring payments to national currencies," the head of state concluded.

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