web counter
LEXO PA REKLAMA!

SHKARKO APP

App Store
Google Play

Greece makes early repayment of 5.3 billion euros loan from the EU

2025-12-16 16:32:00, Kosova & Bota CNA

Greece makes early repayment of 5.3 billion euros loan from the EU

Greece this week completed an early repayment of 5.3 billion euros in loans from its first eurozone bailout program.

The debt settlement, initially scheduled to mature after 2031 or even in the 2040s, marks a positive step in Greece's decades-long efforts to stabilize its public finances.

Coordinated by the European Commission, the payment is a strong indication that the country is relying less on crisis-era debt and reducing the burden of future interest payments.

The Greek Credit Facility (GLF) was the first emergency rescue mechanism ever created within the euro area at a time when a permanent euro area bailout system did not exist.

Greece lost access to financial markets in 2010, and the credit facility prevented the country from defaulting immediately, limiting the risk to other EU members.

Local media reports that retiring this debt ahead of schedule will save around 1.6 billion euros in interest payments by 2041. By directly reducing future budget charges, the debt-to-GDP ratio is expected to fall below 120% by 2029.

This is particularly important for a country that has the highest public debt-to-GDP ratio in the euro area.





Lajmet e fundit nga