The premature repayment of the loans received by our country in the context of the first memorandum, the Governor of the Bank of Greece argued, arguing that today Greece is an example of resilience and stability.

Speaking to the Athens International Investment Summit (AIIS), Mr. Yiannis Stournaras emphasized that “the government’s commitment to early repayment of official loans sends a strong message of fiscal discipline and confidence. Scheduled GLF loan repayment of € 31.6 billion by 2031 – a whole decade earlier than planned – will accelerate debt reduction, reduce future financial needs and boost the country’s debt. With the enhancement of fiscal credibility, this initiative not only reduces the required future fiscal adjustment, but also helps to ensure justice between generations, freeing future taxpayers from today’s fiscal burden. “

The BoG commander predicted that the immediate impact of the new duties are expected to be limited, as the US is not a major commercial partner of our country. He added that current account balance is expected to be improved in 2025, supported by the resistant export performance, the rise of travel receipts due to the extension of the tourist season and the reduction of interest on interest rates.

“Greece today is an example of stability, durability and opportunities – a strategic investment portal in Southeast Europe. The economy has proven its ability to withstand shocks, restore budgetary discipline, resolve its banking sector and attract international investment, ”Mr Stournaras said in his speech.