The Greek Deal.com
DEBT
Plans to speed up repayment of billions of euros in bailout loans
Greece plans to speed up repayment of billions of euros in bailout loans, Prime Minister Kyriakos Mitsotakis said at a Bloomberg event on Monday, in another sign of the country's economic turnaround.
The Greek State proceeds with the early repayment of €8 billion loans
The Greek government will repay loans from the Support Mechanism totaling around €8 billion in December.
Significant debt reduction in the coming years
Greece aims to reduce its debt by about 20 percentage points in just four years, marking another milestone in its decade-long crisis exit, Finance Minister Kostis Hatzidakis told Bloomberg.
Greek government debt down from 168.8% to 138.8%
The International Monetary Fund forecasts a 30-point reduction in Greek public debt to 138.8% of GDP in 2029 from 168.8% at the end of 2023.
Early repayment of €8 billion bailout loans according to Blooomberg
In an interview with Bloomberg, the prime minister stated that Greece will move forward with the early repayment of bailout loans totaling eight billion euros.
Primary surplus of 1.9% in 2023, against a target of 1.1%
Primary surplus of 1.9% of GDP in 2023 according to ELSTAT.
Greece’s Credit Outlook Raised to Positive From Stable
S&P revises Greece's outlook to 'positive' on debt reduction.
We will continue to be credible and achieve visible results
Minister of Finance Kostis Hatzidakis mentioned the significant progress that the Greek economy has made and the difficulties that both Greece and Europe are experiencing.