Greece sends a clear message to the international investment community: It will repay the loans of the first memorandum earlier, as announced by the Minister of National Economy and Finance Kyriakos Pierrakakis from the headquarters of the International Monetary Fund in Washington in the context years.

Along with the maintenance of fiscal stability and high growth rates that lead to high primary surpluses.

In a period of intense international upheavals and great uncertainty that the war in Ukraine have sparked and the announcements to increase duties by US President Donald Trump, the government’s financial staff determines the axes of economic policy with the aim of shielding the Greek economy.

Greece due to strong growth rates and high primary surpluses (4.8% of GDP or EUR 11.4 billion in 2024) in which the measures to fight tax evasion have contributed to the budgetary margin on the one hand to pay early loan obligations that took over the Memorandums, on the other hand, to return to a social dividend, on Tuesday.

The Prime Minister’s announcements will follow him September at TIF With a new package of interventions with a positive social sign, a key part of which will be tax cuts for consistent middle -class taxpayers.

OR Greece with the first Memorandum of 2010 had borrowed 52.8 billion euros. This loan has been reduced to EUR 31 billion due to repayments made during that time, and with the next tranche of 5.3 billion euros paid in December it will further reduce to 26 billion euros. Recalling that IMF loans have been repaid three years ago, Mr Pierrakakis said from Washington that “we must also repay the loans of the first memorandum and we want to do it ten years earlier. Welcome to things, we are not talking about a script, but about reality. The essential thing is to be able to do this because it puts weight on it. By reducing debt, the primary surpluses we create reach faster and better in society. ”

The Government plan has already been submitted to ESM and predicts the early repayment of a large part of the total Loan liabilities expiring from 2033 to 2041 which includes the loans of the first memorandum. It is noted that in 2024 installments for EFSF loans have begun to amount to EUR 141.8 billion with a repayment duration of 2056. Also in 2034 the ESM loan will be repaid of EUR 86 billion with a repayment duration of 2060.

Early repayment of loan liabilities, along with the maintenance of high growth rates, according to economic staff plans, is expected to lead to further reduction in the country’s debt at a faster rate.

According to Eurostat data published Tuesday, Greece’s debt was 153.6% of GDP in 2024 from 163.9% of GDP in 2023.