The Prime Minister, Kyriakos Mitsotakisis accelerating the pace of reforms at the start of his second term as he seeks to capitalize on a majority in the House to consign the crisis years to history, Bloomberg reports.

In a clear message to investors, Mr Mitsotakis pledged to repay early the next two years of bilateral loans of 5.3 billion euros that Greece had taken from European countries during the crisis as it plans to regain investment grade for Greek debt. until the end of the year. This, Bloomberg notes, would be a symbolic moment for Greece, 13 years after losing investment grade, with the first waves of the debt crisis.

In an interview on Bloomberg TV, the prime minister presented a series of plans and goals for the next four years aimed at consolidating the country’s position in the European Union after many years of economic difficulties.

He pledged to bring Greeks’ incomes closer to those of other Europeans and accelerate the pace of debt reduction, while boosting the use of renewable energy and increasing exports to 60% of GDP from 50%.

“It is a commitment to investors,” the prime minister noted, adding: “This is not simply a matter of management. It’s not just about playing defense. It’s really about changing the country.”

“I want to continue to make Greece a very attractive destination for foreign investment,” he said.

Credit rating agencies Moody’s Investors Service and Scope Ratings noted that Mitsotakis’ election victory is positive for Greece’s creditworthiness.

Investors, the report says, have flocked to Greek bonds this year with the expectation of a return to investment grade, with the result that they have the best returns in the developed world. This has reduced Greece’s borrowing costs to the point where they are lower than Italy’s, although the latter is considered safer by credit bureaus.

“Our bonds are already traded as if we were an investment-grade country, but we also need the official stamp from the rating agencies,” said Mr. Mitsotakis.

The prime minister said that at the beginning of 2024 the public registration for Athens International Airport will proceed, with the plan providing for the offer of 30% of its shares and the largest shareholder being ready to buy 10% of these shares.

“We are also looking to sell the stakes to the banks,” the prime minister said. The Financial Stability Fund has already started the process of selling its shares to Greek banks.