Greece Plans Early Repayment of €8 Billion in Bailout Loans

State to decide on further National Bank stake sale in fall
No immediate plans for an extra stake sale in Helleniq Energy

Kyriakos Mitsotakis in his office in Athens, on June 12.Photographer: Hilary Swift/Bloomberg

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By Sotiris Nikas and Paul Tugwell

June 12, 2024 at 10:24 AM UTC

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Greece plans to repay bailout loans worth a total of €8 billion ($8.6 billion) ahead of schedule, underscoring the country’s progress in recovering from the debt crisis, Prime Minister Kyriakos Mitsotakis said.

The early repayment corresponds to three years of installments and represents the third time that Greece has moved to accelerate reimbursement of a loan package received in its first bailout program in 2010. The latest move will be the first time the country is making that much of a dent in the Greek Loan Facility.