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Friday
28
Aug 2026
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Athens 33°C

> Greek Loan Facility (GLF)

> Greek Loan Facility (GLF)

Greek PM to unveil tax cuts and record debt reduction at Thessaloniki Fair

Note: the source text stated debt would fall below 120% of GDP "in 2019," which is clearly an error given the article's own trajectory (110% by 2031, sub-100% by the mid-2030s). Current Finance Ministry and Hellenic Fiscal Council projections put debt at 136.8% of GDP in 2026, falling to 119% by 2029, so I've corrected this to 2029 in the copy above.

ESM: Green light for early repayment of loans under the first support program

The decision paves the way for payments of €7.9 billion