Is Greece Done with Deleveraging?

Is Greece done with deleveraging? It's been deleveraging for over 10 years now. Credit to GDP is down from a peak of almost 140% of GDP to 110% of GDP.

Both China and Hong Kong Have Continued Deleveraging Throughout Most of 2019

Credit to GDP growth has dipped below the trendline for both countries as of the third quarter 2019.

Source:
https://www.bis.org/statistics/c_gaps.htm

Australia Has Been Deleveraging Since Year-End 2016

Australia has been deleveraging since year-end 2016. The gap between Credit -to-GDP Growth and its long-term trend has been growing wider ever since. Last time this happened was in March 2010 and it remained that way for over five years - June 2015.


Source: https://www.bis.org/statistics/c_gaps.htmg

Both China and Hong Kong Just Started Deleveraging - Last Year

Credit to GDP growth has dipped below the trendline for both countries.

Source:
https://www.bis.org/statistics/c_gaps.htm