The amount, which had not been announced before, is broadly in accordance with the loan in recent years and marks a further emergence of the financial fall of the 2009-18 crisis when Greece almost came out of the eurozone and received around 280 billion euros in Bailouts in exchange for years.
“We will borrow 8-9 billion euros from the markets next year, as much as this year,” said an officer. A second official confirmed that the country will borrow to 9 billion next year.
The first officer added that the country will repay 5.3 billion euros from his first rescue of 2010 to his Euro Zone colleagues in December.
“We want to reduce our debt faster and we will use some of our cash reserves,” they said.
Greece is still the most debtable country in Europe, but the debt has shrunk by around 50 percentage points since 2020 to 153.6% of GDP in 2024 and is expected to fall further this year. The economy-driven economy is approaching the pre-crisis size. Growth is expected to increase this year to 2.3% of 2.2% in 2024, more than double the average of the euro zone, with a primary surplus of 2.4% of GDP. The country intends to pay loans that are granted under the first of three debt crisis rescue outs by 2031, ten years earlier than planned.
The loan costs have fallen sharply since Greece is the status of the investment ratio in 2023 and is now lower than Italy.
The cash reserves of the country are around 40 billion euros, enough to cover its loan needs for at least three years without raising cash from the bond markets. ($ 1 = 0.8542 euros)
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