Greece Plans Early Loan Repayments to Strengthen Economic Position
Greece’s Ministry of National Economy and Finance is set to pursue early repayments of expensive loans within its memoranda framework through 2025. The strategy aims to reduce interest servicing costs and signal confidence in the Greek economy to international markets. Key actions include repaying a significant portion of bilateral loans by 2030, ahead of their 2041 deadline, with an annual repayment of €2.645 billion. Following a strong cash reserve, Greece plans to borrow up to €10 billion in 2025 while addressing domestic funding needs, ultimately targeting a reduction of public debt to 130% of GDP by 2028.