13 years ago Greece was in danger of becoming insolvent. Numerous crisis meetings and tough years threatened to tear Greek society apart. But the country fought its way back up.
Greece has repaid loans totaling 5.29 billion euros early that would not have been due until 2024 and 2025. These are bilateral loans that were granted to Greece in 2010 as part of the first rescue package from other EU states so that the country would not become insolvent, as the Finance Ministry announced.
Greece had also repaid all of its debt to the International Monetary Fund (IMF) in 2022 – almost two years earlier than planned.
Greek Finance Minister Kostis Chatdidakis said of the current repayment: “The early repayment of the loans is evidence of the upward trend of the Greek economy and contributes to the prospects for the coming years becoming even more positive.”
Source: Stern
