Greece is still drowning in debt as the International Monetary Fund has warned that its debts are on an "explosive" path.

Despite years of attempted austerity and economic reforms, the European Union is still facing a crisis due to the debt that Greece has accumulated - which stood at 177.4 per cent of GDP in 2015.

Although many are concerned about levels of debt in Greece, there are several other countries in the EU that have debts to rival the struggling nation, according to figures released by Eurostat.