Greece announces early repayment of 13 billion euros in public debt for 2026

The Greek government plans to repay approximately €13 billion in public debt during 2026, aiming to lower its debt-to-GDP ratio below that of Italy by the end of the year. According to information reported by Bloomberg, the plan involves paying off €2.5 billion in European Financial Stability Facility (EFSF) loans, a €2.2 billion bond maturing in 2027, and reducing the stock of Treasury bills by €1.2 billion by December 31. This strategy is supported by Greece's strong fiscal surpluses and high liquidity levels.

Prime Minister Kyriakos Mitsotakis stated that this move signifies the end of Greece's status as Europe's most indebted nation, emphasizing that debt reduction is a national duty for future generations. The Public Debt Management Agency (PDMA) projects that the debt-to-GDP ratio will decline to 137% in 2026, down from previous forecasts of 138.2%. The government expects this trajectory to continue, targeting a debt level below 110% by 2031, thereby granting the state greater fiscal freedom and reducing the burden on taxpayers.