ATHENS, Greece — Greece will make an early repayment of 5 billion euros ($5.3 billion) in bailout-era debt in 2025, Prime Minister Kyriakos Mitsotakis told a banking conference in Athens on Monday, describing the move as a signal of the country’s fiscal recovery. “This … underscores our confidence in public finances and reflects our commitment to fiscal discipline,” Mitsotakis said. Finance Ministry officials say they plan to reduce debt through primary surpluses, loan repayments and combating tax evasion. Greece has rebounded from a 10-year financial crisis that forced it to borrow tens of billions of euros from its European Union partners and the International Monetary Fund. But Mitsotakis’ center-right government, elected for a second term in 2023, is struggling to address a cost of living crisis that has sapped Greeks’ spending power.
Comment on Greece to repay chunk of bailout debt early and touts recovery during anger over cost of living
Associated Press, Chicago Tribune: Business
Mon, 11/18/2024 - 1:31pm
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