The Minister of Finance visited today (7.5.2025), the Minister of Finance, Kyriakos Pierrakakisto discuss, inter alia, the course of the public debt With the Director General of the Organization, Dimitris Tsakonas and his executives.
Among other things, Mr Kyriakos Pierrakakis said, “Reductioning his debt means more freedom for the country, more financial opportunities for the country.”
More specifically, after the meeting, the Minister of National Economy and Finance made the following statement:
“The exorbitant public debt that undermined our national sovereignty and social cohesion is now shrugged rapidly. This is a conquest of a whole generation. With the complete repayment of the loans of the International Monetary Fund, with the early repayment of the first expensive memorandum, with such actions, we are now declining, we are removing a danger that existed. And who was he? From 2032 onwards the country is pressed to repay debt due to increased cost of service.
This danger no longer exists. And as a government, we are able to claim that we will not do what happened in the past. Which one? Let’s go through the cost, to pass the account to the next, to the next generation.
The country, at the moment, as I have mentioned, is declining its debt and in 2029 will not be the most indebted country in Europe. And this is a conquest of the Greek people as a whole after many years of difficulties. And it’s a conquest on which we need and we can build.
Reducing debt means more freedom for the place, it means more financial opportunities for the country. It means having less weights for the future and being able to grow better. It means having more confidence in the eyes of markets. This is a very important conquest and they deserve many congratulations to the ODRH, to his executives, his general manager, Mr. Tsakona. “