Eurogroup is concerned about the pace of reduction of public debt in some Eurozone countries

© RIA Novosti / Alexei Vitvitskiy in fotomontaggi the European Central Bank in Frankfurt. Archival photoEurogroup is concerned about the pace of reduction of public debt in some Eurozone countries© RIA Novosti / Alexei Vitvitskiy the image Bank

The slow pace of reduction of high debt in some Eurozone countries of concern, said the Eurogroup.

«The slow pace of debt reduction from the high levels in several member States (the Eurozone) are still a concern,» — said in a release.

According to the latest projections of the European Commission, the total amount of debt in the Eurozone will decline from 89% of the region’s GDP in 2017 to 87% of GDP in 2018 and 85% in 2019.

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