In early repayment of €7 billion of the latest €52.9 billion bilateral loan 52.9 billion euro of the first Memorandum of Understanding (MoU) from eurozone countries (GLF) by mid-June, Greece will use part of its liquid assets of more than 40 billion euros.
This was announced by the Director General of the ODIHR, Mr. Dimitris Tsakonas, speaking yesterday at the annual conference of Euronext in Paris, noting that the move is part of the country’s overall strategy to improve its fiscal image and reduce public debt. The early repayment is expected to boost Greece’s credibility in international markets and may help reduce borrowing costs in the future, while in the short term it will lead to an interest gain of €90 million.
Interest
In any case, Greece is aiming for an early repayment, by 2031, of the 31.6 billion euros of the Greek debt. 31.6 billion euros of the last loan from the first Memorandum, which was scheduled to be repaid by the end of 2041.
Greece’s public debt is expected to reach, by the end of 2026, the level we were at just before we entered the Memoranda (2009). According to the 2026 Budget, public debt is expected to fall as a percentage of GDP by 7.7% of GDP, to 138.2%, from 145.9% in 2025.
Source: Tasos Dasopoulos / eleftherostypos.gr
