Repayment: Greece wants to repay first rescue loans as early as 2029
A strong economy and full state coffers give Athens room for maneuver. The government is planning another early repayment for 2027.
Greece plans to repay its first bailout loans, worth 53 billion euros, earlier than expected, with full repayment possible by 2029, two years ahead of the current accelerated schedule. The government has already repaid 6.9 billion euros this year, more than the planned 5 billion euros, and plans to repay at least 5.1 billion euros in 2027.
Greece's economy is growing at a rate of 2%, stronger than the Eurozone average, and the government has built up cash reserves of around 32 billion euros. The country's debt-to-GDP ratio has fallen by over 60 percentage points since its peak in 2018, to 145.9% last year, and is expected to fall further to 136.8% this year.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
