Greece plans to reduce debt early

Greece announced its plans to repay 13 billion euros of its debt before the maturity date in 2026, leading to a reduction in the debt-to-GDP ratio from 210% in 2020 to around 137% this year. The country, benefiting from a budget surplus, aims to rapidly reduce its debt through early repayments and by easing the debt burdens accumulated during the 2010 crisis, with the total public debt currently amounting to approximately 363 billion euros. Greece aspires to settle all its debts by 2031, stating that this move will strengthen the confidence of international institutions and investors.

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