This content was published on December 15, 2023 – 16:36 December 15, 2023 – 16:36
Athens, Dec 15 (EFE).- Greece repaid early this Friday loans for a total of 5,290 million euros, which would not have matured until 2024 and 2025, the Ministry of Finance of the Greek country reported in a statement.
These are loans granted in 2010 by other States of the European Union (EU), within the framework of the first financial rescue decided to avoid the country’s insolvency, the note states.
Last year, Athens also repaid all of its debt to the International Monetary Fund (IMF) early, almost two years ahead of schedule.
“The early repayment of the loans certifies the upward trajectory of the Greek economy and contributes to the creation of even more positive prospects for the coming years,” stressed the Minister of Finance, Kostís Jatzidakis, according to the statement.
Greece received a total of three financial aid packages in 2010, 2012 and 2015 from the European Union (EU) and the IMF, granted on the condition that Greece carries out tough reforms and cuts.
The country’s economy has returned to the path of growth, with increases in gross domestic product (GDP) that in recent years clearly exceeded the European average, while achieving a significant reduction in public debt.
Greek GDP grew in 2021 and 2022 by 8.4% and 5.9%, respectively, while debt fell by 35 percentage points in the last two years (from 206% during the pandemic to 171% of GDP last year) , one of the fastest rates of debt reduction in the world. EFE
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2023-12-16 13:57:33
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