Greece Prepays €5.3B Eurozone Loan, Boosts Economy
Update: 2025-12-16
Description
Greece Prepays Eurozone Bailout Loans, Boosting Economy but Raising QuestionsGreece has made a significant stride in its financial recovery by early repaying five point three billion euros in loans from its first eurozone bailout program. This move, initially scheduled for after two thousand thirty-one, will save the country around one point six billion euros in interest payments through two thousand forty-one. The early repayment also aims to lower Greeces debt-to-GDP ratio, currently the highest in the eurozone, to below one hundred twenty percent by two thousand twenty-nine. However, critics argue that the funds used for this repayment could have been allocated to public investments, wage support, or other relief measures to address high living costs.
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