Tag: bailout

debt 740x450 png

Greece to Repay First Bailout Loans a Decade Early, Signaling Economic Recovery

Greece is poised to repay its first bailout loans a decade early, targeting full clearance by 2031, government officials revealed. With annual €5 billion installments, the nation aims to shed its status as the EU’s most indebted country, leveraging a €37 billion cash reserve and robust fiscal gains. Finance Minister Kyriakos Pierrakakis called the plan “realistic,” signaling Greece’s steady recovery from the 2009-2018 debt crisis that nearly upended the eurozone.

survey greece european union eu flags acropolis

Handelsblatt Highlights Greece’s Economic Resurgence and Early Loan Repayment

Greek finances are exceeding expectations, with the country repaying bailout loans ahead of schedule and anticipating a budget surplus for 2025, according to German newspaper Handelsblatt. This strong economic performance is driven by increased tax revenues, although Greece continues to address a VAT gap larger than the EU average.