Greece to Repay 5.3 Billion Euros Early to Eurozone Countries, Boosting Economic Recovery
• Greece to repay 5.3 billion euros ahead of schedule to euro zone countries on Dec. 15, loans originally maturing in 2024 and 2025 • Loans are part of Greece's first 260 billion euro bailout package from euro zone & IMF during debt crisis beginning in 2009 • Greece hopes to repay more bilateral loans from euro zone countries early in 2024 • Since 2018 bailout end, Greece relied solely on bond markets for borrowing needs, plans to borrow 7 billion in 2023 • Greece sees 2.9% economic growth in 2024 on higher investment and tourism, expects 2.1% of GDP primary budget surplus