Displaying items by tag: greek debt
Bloomberg: Greece is preparing for an early repayment of 13 billion euros of debt - The debt-to-GDP ratio will fall below Italy's
Greece plans to make a new, large, early debt repayment of approximately 13 billion euros in 2026, capitalizing on strong fiscal results and high cash reserves, according to information cited by Bloomberg.
The Greek economy is outperforming, leading to an exceedance of fiscal targets and a primary surplus. The goal is for the debt-to-GDP ratio to fall to 137% in 2026, surpassing Italy.
Greece to Pay Off €6.9 Billion in June, Ending Its Run as Eurozone's Most Indebted Nation
Greece will make a €6.9 billion early debt repayment in June that will push its debt-to-GDP ratio below Italy's for the first time, ending its status as the Eurozone's most indebted nation relative to economic output — a symbolic milestone that carries significant weight for a country that needed three international bailouts to avoid bankruptcy.
IMF: Reduction of Greek public debt to 158.8% of GDP in 2024—Primary surplus of 2.1%
The International Monetary Fund (IMF) forecasts for Greece a primary surplus of 2.1 per cent of GDP this year and a decrease in public debt by 10 percentage points to 158.8% of the GDP in its report on fiscal developments (Fiscal Monitor).