Tag: debt servicing

European Commission Confirms Greece's Debt Servicing Capability

The European Commission’s latest report confirms Greece’s ability to service its debt, noting strong economic growth and fiscal improvements. GDP growth surpassed the EU average in 2023, with further growth expected. Inflation and unemployment are set to decline, while the banking sector remains profitable. The government is advancing privatization and improving state-owned enterprises’ flexibility. Greece’s debt sustainability is considered low risk, supported by a substantial cash buffer and market access.