Greece to Repay Loans Early

Greece to Repay Loans Early

Business

Greece aims to repay its first memorandum loans a decade early, by 2031 instead of 2041, according to National Economy & Finance Minister Kyriakos Pierrakakis. Speaking from the World Bank/IMF meetings in Washington, he highlighted that this move follows Greece's early repayment of IMF loans three years ago, CE Report quotes Athens-Macedonian

The minister emphasized that accelerating debt reduction would allow primary surpluses to benefit society sooner. Greece's debt currently stands at 153% of GDP, but Pierrakakis noted it is declining quickly, raising hopes that Greece may soon shed its status as Europe's most indebted country.

Tags

Related articles

Greece to Auction €500M T-Bills
Greece will auction €500 million in 26-week Treasury bills on May 28, maturing on November 28, 2025, the Public Debt Management Agency announced.
Greece Backs EU Investment Plan
Finance Minister Kyriakos Pierrakakis met with EU Commissioner for Financial Services Maria Luisa Albuquerque at the Ministry of National Economy and Finance to discuss the economic outlook in Greece and Europe, focusing on financial sector reforms.
Bulgaria, Egypt to Deepen Ties
Bulgarian Foreign Minister Georg Georgiev met with Egyptian Prime Minister Mostafa Madbouly during his official visit to Cairo, aimed at strengthening bilateral relations.
Sandu Promotes Southern Projects
President Maia Sandu visited southern Moldova today, inspecting major infrastructure projects aimed at boosting connectivity and energy independence.
Rural Shift Key to Food Security
Efforts to boost food security and economic resilience in developing nations must prioritize rural transformation, according to IFAD President Alvaro Lario.
Bulgaria Unlocks EU Funds
Bulgaria has fulfilled its final commitment required to unlock over BGN 10 billion under the second tranche of the National Recovery and Resilience Plan (NRRP), Justice Minister Georgi Georgiev announced Wednesday.