Greece to Repay Loans Early
Greece aims to repay its first memorandum loans a decade early, by 2031 instead of 2041, according to National Economy & Finance Minister Kyriakos Pierrakakis. Speaking from the World Bank/IMF meetings in Washington, he highlighted that this move follows Greece's early repayment of IMF loans three years ago, CE Report quotes Athens-Macedonian
The minister emphasized that accelerating debt reduction would allow primary surpluses to benefit society sooner. Greece's debt currently stands at 153% of GDP, but Pierrakakis noted it is declining quickly, raising hopes that Greece may soon shed its status as Europe's most indebted country.
