Greece to repay 6.9 billion euros in bailout loans early
Updated
Updated · tovima.com · May 5
Greece to repay 6.9 billion euros in bailout loans early
12 articles · Updated · tovima.com · May 5
The mid-June payment, set out in a fiscal plan sent to the European Commission, is expected to save the state 90-100 million euros; cash reserves were 38.9 billion euros in March.
Athens aims to clear the remaining 31.6 billion euros from its first bailout by 2031, far ahead of the original 2029-2041 schedule, as debt is projected to fall to 136.8% of GDP in 2026.
IMF forecasts suggest Greece's debt ratio could drop below Italy's by end-2026, earlier than previously expected, while the next milestone of debt below 100% of GDP is seen in 2033-2034.
With bailout debts shrinking, can Greece build a new economic model before EU recovery funds run dry?
Greece's debt is falling faster than Italy's, but why are millions of Greeks locked out of the recovery?
As Athens repays bailout loans early, could a hidden 'zombie loan' crisis derail its celebrated economic comeback?