Reported 3 days ago
Greece is set to expedite repayments of at least €5 billion in bailout loans in 2025, signifying a strong recovery from its previous debt crisis. Prime Minister Kyriakos Mitsotakis announced this plan, indicating increased confidence in the nation's fiscal health. Despite high debt levels, Greece's economy has outperformed the euro area since the pandemic, with expectations of continued growth and decreasing unemployment rates. This early repayment is a first for part of Greece’s long-term debt, and the country aims to further reduce its debt-to-GDP ratio in the coming years.
Source: YAHOO