Official Greek government budget reports and publications

Greece to Repay €5 Billion of Bailout Loans Early in 2025, Says Prime Minister Kyriakos Mitsotakis

Nov 18, 2024, 01:00 PM

Greece is set to expedite the repayment of €5 billion in long-term debt, a move announced by Prime Minister Kyriakos Mitsotakis. The repayments, which will occur early in 2025, pertain to bailout loans that are due between 2033 and 2042. This decision reflects a significant turnaround in the country's economic situation since the severe financial crisis that nearly led to its exit from the euro area over a decade ago. The acceleration of debt repayment is seen as a positive indicator of Greece's economic recovery.