Greek debt management underlies market confidence

Eurogroup president and National Economy and Finance Minister Kyriakos Pierrakakis.

The successful absorption of Greece’s nationalist indebtedness is proven by respective measurable data, Finance Minister Kyriakos Pierrakakis said connected Wednesday, presenting the yearly results of the Public Debt Management Agency for 2025.

These see the afloat sum of backing needs, raising €7.7 cardinal from the markets with favorable terms, and the simultaneous simplification of the total and nett indebtedness (by €2.2 cardinal and €5.5 billion, respectively).

With aboriginal payoffs of €5.3 cardinal from aged debts of 2010, a substantial simplification of threats, and a redeeming of €2.6 cardinal to 2070, Greece is boosting its fiscal position, the curate said. At the aforesaid time, the servicing outgo remains debased (at under 1.8%), the mean indebtedness maturity exceeds 18 years, and yearly backing needs stay astatine debased levels (nearly 5.4% of GDP agelong term).

Pierrakakis further said that the assurance of markets successful Greece was evident from the precocious request for Greek bonds and the little lending involvement rates, placing Greece person to countries similar Spain and France.

These facts corroborate that Greece is reducing its indebtedness and making it wholly sustainable, releasing aboriginal generations from burdens that are not theirs, the curate noted.