Reuters on Tuesday has the Greek government eyeing another early repayment of up to five billion euros worth of bailout loans to eurozone partners later this year, quoting two “government officials” as its sources.
The country has relied solely on international markets for its borrowing needs since a third institutional bailout ended in 2018.
One of the two sources was quoted by Reuters as saying the early repayment would involve between 2.5 billion and 5 billion euros and “probably in the second half of the year”.
The source, per Reuters, qualified the initiative by saying it would allow more bond issues without increasing Greece’s sovereign debt, while “adding liquidity to a shallow Greek bond market.”
The international news outlet reminded that roughly 70% of Greece’s debt is held by institutional and official lenders, i.e. the eurozone and the European Central Bank.
The second source merely confirmed the first’s figures and time frame.
All international ratings firms, sans Moody’s, restored Greece to an investment grade over the past six months, after the country remained in the “junk category” for more than 13 years.
Greece paid off the IMF in 2022 two years ahead of the maturity of the loans extended by the latter, while repaying Eurozone partners five billion euros last year ahead of schedule.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
e-EFKA: “Thaleia” Answers Policyholders’ Questions
It is a service provided by the organization, aimed at enhancing the experience for individuals with special needs.
PM Mitsotakis Outlines 2025 Goals for Growth and National Interests
"The government’s work will remain intense and multifaceted, so that day by day, something changes and the lives of all citizens become better," the prime minister stated
Tender for Repairs on Athens Olympic Stadium’s (OAKA) Iconic Roof
Tender for OAKA project, which is expected to exceed 78 million euros, stipulates that repairs, maintenance must be conducted while venue remains open for events
Louis-Dreyfus Family Eyes 21% Stake in Thessaloniki Port
The newly created Amsterdam-based LeonidsPort company has submitted a voluntary public offer for 21%
EUIPO Throws Out Turkaegean Trademark
The trademark had been filed by the Türkiye Tourism Promotion and Development Agency (TGA) in 2021 and immediately generated heated opposition by Athens
Economic Sentiment Indicator in Greece Drops Slightly in Dec.
The data revealed that the primary drivers of the slight drop were the industrial and retail trade sectors. Conversely, construction and consumer confidence improved.
Greece’s Trade Deficit Surges by 18.7% in Nov. 2024
For the first 11 months of 2024, the total value of imports reached 77.3793 billion euros, a 1.9% rise compared to 75.9482 billion euros in the same period of 2023.
Installing EV Chargers in Your Building is Harder than You Think
So, you just bought an EV in Greece and can’t wait to set up a charger in your apartment building’s parking space? Not so fast—there are a few hurdles you’ll need to clear first.
Greece Announces Grants to Unemployed for New SMEs
Unemployed individuals seeking 12-month grants to fund the creation of new SMEs can apply online until January 21.
Port of Piraeus Reports Record-breaking Year for Cruise Sector
First cruise ship of the season, Viking Saturn, greeted at Greece's largest, busiest port
