Greece to repay 13 billion euros early
Greece intends to repay debts totaling 13 billion euros (approximately 14 billion dollars) before their due date within this year, aiming to reduce the debt-to-GDP ratio to around 137%, compared to expectations of 138.6% in Italy and 118% in France. This move is part of Athens' efforts to lower its public debt burden and enhance financial stability, leveraging a budget surplus. The goal is to accelerate the full repayment of its debts by 2031 instead of 2041. Historically, Greek debt reached about 210% of GDP in 2020, but it has been gradually reduced through early repayments of loans amounting to 36 billion euros between 2019 and 2025. Greece's strategic move aims to improve its credit rating and move beyond the legacy of the debt crisis that plagued the country since 2010, amidst expectations of an approximately 2% economic growth this year.
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