Mali: Serbia's debt-to-GDP ratio at 50.5 pct

BELGRADE - Serbia's debt-to-GDP ratio is 50.5 pct and the country has not crossed the red line of overindebtedness, says Serbian Deputy PM and Finance Minister Sinisa Mali.

In response to criticism from opposition leader Dragan Djilas, Mali said that, by comparison, the Eurozone debt-to-GDP ratio was 91.2 pct according to the latest Eurostat figures.

"The public debts of Germany, France, Italy and Spain are 2.5, 3, 2.8 and 1.5 thousand billion euros, respectively," Mali wrote in a Facebook post.