Structural Reforms For Long-Term Development

Interest Payments Development Interest payments are at historical lows as a percentage of GDP ECB's PSPP further helped in decreasing interest payments 1.30 1.25 1.20 1.15 ARDAL 2.0% 1.8% 1.6% 1.4% 1.2% 1.10 1.0% 2013 2014 2015 2016 2017 2018 Interest payments in bn. eur (lhs) -Interest payments in % of GDP (rhs) Source: ARDAL, as of 31/12/2018 H 29

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