Greece Plans €4.7 Billion in Early Debt Repayments by Year-End

Greece is accelerating its strategy of early public debt repayments, with two additional repayments worth a combined 4.7 billion euros scheduled before the end of 2026, following an initial transaction completed on June 15. The government’s objective is to further improve the country’s debt profile, reduce future financing needs, and speed up the decline of the debt-to-GDP ratio.

Athens is also aiming to shed its position as the European Union’s most indebted country, with projections suggesting Italy could overtake Greece by the end of this year.

According to reports, the first of the two planned transactions involves the early repayment of 2.5 billion euros in loans from the European Financial Stability Facility (EFSF), which is expected to be completed by the end of October. This will be followed on December 15 by the redemption of a 2.2 billion euros bond held by Greece’s four systemic banks that matures on that date.