The roadmap for yet another upgrade of the Greek economy is set to the economic staff, with the rise of public debt reduction by 30 points by 2030. Today’s visit by the Minister of National Economy and Finance Kyriakos Pierrakakis In the Public Debt Management Organization (ODRA) seals the next phase strategy: drastic debt impairment, boost of the investment narrative, maintenance of contact with markets.
While Italy and France see their debts swell, Greece is discounting. Target: 140% of GDP by 2027 and 120% in 2030. First step, the Early repayment of the “old” loan of 31.6 billion euros from the first memorandum – Ten years earlier than the timetable. Within the year, two more installments will be repaid from bilateral loans of 5.3 billion euros, from the “hard” cash pillow. The benefit is double: debt is limited and interest is saved.
Greece is no longer the country with the highest eurozone debt – and the IMF is seeing a further drop in more than 15 percentage points by 2030. Specifically, it estimates that debt will fall to 125.1% of GDP, with Italy taking the lead from 2026 and France.
According to official figures, in 2024, it closed with a debt of EUR 364.88 billion or 153.6% of GDP, from € 369.11 billion or 163.9% in 2023. For this year, a new decline is expected to 145.7% of GDP – along with repayments.
Evaluation agencies see, investors discount. More than 80% of this year’s financial needs have already been met, but Athens does not abandon markets: either with new versions or release, the presence remains active. Characteristic: At the last exit with bonds 2038 and 2054, bids reached 56 billion euros.
The cash stock – at € 40.2 billion at the end of March – acts as a safety net and a low -cost borrowing tool. And this, the markets measure it.