Greece to repay debts early

Greece has aimed to repay 13 billion euros of its debt before the due date in 2026, helping to reduce the debt-to-GDP ratio from 210 percent in 2020 to around 137 percent in 2023. This early repayment comes as part of Greece's efforts to ease its debt burden, following the repayment of loans amounting to 36 billion euros between 2019 and 2025, and plans to settle all its debts by 2031 instead of 2041. These measures contribute to strengthening Greece's financial position and improving its credit rating, amid an expected economic growth of 2 percent.

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