According to the news agency, the time table for making an early payment and covering the loans is within the next two months. The reason, according to the same sources, is to reduce Greece’s debt-to-GDP ratio, as well as to send a signal to international markets that the Greek economy is robust and resilient.
The IMF portion deals with 1.8 billion euros provided to the country as part of the first and second bailouts, between 2010 and 2014, and was due to mature in 2024.
Greece, under the Mitsotakis government, has already pre-paid six billion euros worth of IMF loans, beginning in 2019.
Additionally, 5.3 billion euros will reportedly be paid to cover loans to Eurozone member-states, borrowing that was set to mature in 2023.
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Greece 4th Most Popular Summer Destination for Europeans
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Easter Sales Performance and the Source of €4–5 Million in Losses
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WTTC: Travel & Tourism to Create 4.5M New Jobs in EU by 2035
This year, international visitor spending is set to reach 573 billion euros, up by more than 11% year-on-year
IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock
First Step Towards New Audiovisual Industry Hub in Drama
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The case reached the Council of State following annulment applications filed by the Panhellenic Federation of Property Owners (POMIDA)
Mitsotakis Unveils €1 Billion Plan for Housing, Pensioners, Public investments
Greek Prime Minister Kyriakos Mitsotakis has announced a new set of economic support measures, worth 1 billion euros, aiming to provide financial relief to citizens.
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