Greece plans to pay off more of its bailout-related debt ahead of schedule, with another 5.3 billion euros in loans slotted to be repaid on December 15, according to reports at Reuters.
The loans were set to mature in 2024 and 2025 and are part of the 260 billion euros in loans distributed to Greece by the International Monetary Fund (IMF) and eurozone during the country’s ten year debt crisis that began in 2009.
Greece paid off the IMF, which had loaned it 28 billion euros between 2010 and 2014, two years ahead of schedule and also repaid another 2.7 billion euros that went back to eurozone partners. Sources told Reuters that the country hopes to pay off even more loans early in 2024.
Considering the planned payment of this year, Greece will have repaid 13 billion of the 53 billion Greek Loan Facility, due to mature in 2041. The country has been able to do so on account of higher-than-expected tax revenues, growth which is double the eurozone average, and primary surpluses that have been boosted by tourism and investments.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Greek Driver Violations at a Touch of a Button
Traffic offences recorded in the last five years by Greece’s “Driver Behavior Control System” are now available on Gov.gr Wallet
Milan Tops List of Most Expensive Streets, Athens’ Ermou Holds Steady at 15th Place
In Athens, following Ermou Street is the southern suburb of Glyfada and Tsimiski Street in Thessaloniki.
New Gov.gr Service Enables Secure Reporting of Minor-Related Delinquency
It should also be noted that via the recently introduced initiative ‘Safe Youth’ application citizens have access to specially tailored informative material regarding the safety of children and adolescents
Thousands Strike in Athens Over Soaring Living Costs and Stagnant Wages
Inflation, particularly in food prices, has been crushing Greek households
Greece Overhauls Property Valuation System
Greece plans to launch a revamped property value registry in 2025 and overhaul the way objective values are calculated to enhance tax revenue and improve transparency.
Greece’s New Tax Bill Foresees Tax Relief Beyond Big Business
Tax relief measures in Greece are proposed for freelancers, property owners and farmers, along with 'big business'
Unions Call Nationwide Industrial Strike for Wed.
Mass transits are usually affected, especially in the greater Athens-Piraeus area, although bus and metro services are curtailed but not fully halted
Yannis Vardinoyannis Assumes Post of Motor Oil Board President
He succeeds his father, Vardis, who passed away last week at the age of 91
PM Mitsotakis to Bloomberg: Our Majority Is Stable, Elections To Be Held in 2027
"The government has a solid 2.5-year mandate from the people to implement its policies," Mitsotakis stated
Greek Economy Shows Resilience, Consumer Confidence Remains a Challenge
Therefore, there is need for policy interventions in order to boost demand, stabilize the labor market and support industrial production
![ΗΠΑ: Στρατηγικό σχέδιο για τριπλασιασμό της παραγωγής πυρηνικής ενέργειας έως το 2050 [γράφημα]](https://www.ot.gr/wp-content/uploads/2024/05/nuclear-power-4021418_1280-90x90.jpg)
