US EditionGreece Repays €5.29 Billion Early Under First Bailout Loan
- Greece repaid €5.29 billion in loans from its first bailout program, demonstrating an economic turnaround since the debt crisis.
- The repayment reduces public debt by approximately 2.2% of GDP and is expected to save around €1.6 billion in interest payments.
- Analysts remain positive about Greek bonds, with Bank of America calling them strong performers and JP Morgan identifying them as a top pick for 2026.
- Opposition parties criticized the early repayment decision, arguing that funds should instead be directed to domestic investment amid ongoing cost-of-living pressures.
10 Articles
10 Articles
Greece has early repaid loans from the first bailout package of its 2010 euro partners.
Greece Repays €5.29 Billion Early Under First Bailout Loans
Greece is focused on reducing its massive public debt. Credit: Greek Reporter Greece on Monday made an early repayment of €5.29 billion ($6.16 billion) in loans under its first bailout program, the Greek Loan Facility (GLF), after the Boards of Directors of the European Stability Mechanism (ESM) and the European Financial Stability Fund (EFSF) approved the move earlier in December. PM Kyriakos Mitsotakis pledged early repayment in 2023 in an eff…
Ten years ago, Greece brought the Eurogroup to the edge of the abyss. Now, the country turns the head of the Eurogroup – and even replaces loans prematurely.
During the euro crisis, the Greek government raised loans in billions. 5.3 billion euros are now flowing back to the EU's donors, saving the country interest.
Greece has early paid back parts of the first bailout package from 2010. On Monday, the country paid 5.3 billion euros. Actually, the money would have been due only after 2031.
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