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last mo.

Greece Prepays €5.3 Billion From First Eurozone Bailout

Officials say the early GLF repayment improves the debt structure after clearance from ESM and EFSF boards.

Griechenlands Premierminister Kyriakos Mitsotaki. Sein Land will Schulden aus dem ersten Hilfsprogramm der Schuldenkrise weit vor der Frist zurückzahlen.
Griechenland hat Kredite in Höhe von 5,3 Milliarden Euro vorzeitig zurückgezahlt.
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Overview

  • The payment was executed on Monday, years ahead of maturities that extended beyond 2031 and into the 2040s.
  • The repaid loans stem from the 2010 Greek Loan Facility, a €73 billion program funded by 14 euro-area countries including Germany.
  • Greek officials said the transfer was routed to member states through the European Commission.
  • Government spokesman Pavlos Marinakis said the step is expected to save about €1.6 billion in interest by 2041.
  • Athens projects its debt ratio could drop below 120% of GDP by 2029 as growth resumes and credit ratings improve.