Greece plans to raise funds of € 8-9 billion through new bonds in 2026, while intending to repay earlier than the timetable part of the rescue loans it received in December, as its economy continues to recover from the debt crisis that hit the country that hit the country.

The amount, which has not been disclosed so far, is generally analogous to the country’s lending in recent years, as Reuters reports, and marks the further recovery of Greece from the 2009-2018 financial crisis, which has surpassed about 280 billion euros through a rescue programs in return for a long period.

“Will We borrow 8-9 billion euros from purchases next yearas well as this year, “said one of the two officials citing the agency while the second confirmed that the country would borrow up to 9 billion next year.

The first official also added that the country is aiming repay December loans of 5.3 billion euros of the first rescue program of 2010 received from its European partners.

“We want to reduce our debt faster and will use part of our cash reserves,” he said.

As Reuters notes, Greece is still the country with the highest debt in Europe, but its public debt has shrunk by about 50 percentage points by 2020 at 153.6% of GDP in 2024 and is expected to be reduced further this year.

He also adds that the Greek economy, mainly based on tourism, approaches pre -crisis sizes. Growth is expected to rise to 2.3% this year from 2.2% in 2024, ie more than twice the eurozone average, with the primary surplus reaching 2.4% of GDP.

Concerning early repayment, it states that the country plans to repay the loans granted in the context of the first of the three rescue programs to tackle debt crisis by 2031, that is ten years earlier than the scheduled.

Borrowing costs have fallen sharply since Greece regained the investment level in 2023 and is now lower in Italy.

Meantime, The country’s cash reserves amount to about 40 billion eurosfunds enough to meet its loan needs for at least three years without having to raise funds from bond markets.