Bloomberg: Greek debt at 16-year low – Historic decline after a decade of bailouts (Chart)

According to the draught fund submitted to Parliament connected Monday, nationalist indebtedness is expected to autumn to 145.4% of GDP successful 2025, and alteration further successful 2026. This marks a important driblet from the historical precocious of astir 210% successful 2020, and is present lower than the 147.8% successful 2010, erstwhile the archetypal bailout programme was approved.

This improvement signals different milestone successful Greece’s restoration arsenic a credible borrower. The state has already regained investment-grade status, repaid its IMF loans early, and plans to bash the aforesaid with portion of its bilateral European bailout loans. As a result, officials forecast a debt-to-GDP ratio of 137.6% successful 2026.

Greece’s borrowings are estimated to person fallen to the lowest level since 2009 https://t.co/wJvVgK3xZT

The advancement is impressive, particularly during a play erstwhile countries similar France—once a protagonist of Greece’s bailout programs—are present facing their ain fiscal turmoil. The governmental situation successful Paris has pushed the French-German enslaved output spread to its highest level since precocious 2024, according to Bloomberg.

Greece has rapidly improved its indebtedness profile, outperforming fiscal targets for 4 consecutive years. In 2025, it is expected to execute a primary surplus of 0.6% of GDP, compared to an initially forecast deficit of 0.6%. The 2026 draught fund foresees a small shortage of conscionable 0.1%.

Greece’s fiscal representation stands successful sharp contrast not lone to France but to overmuch of the European Union, arsenic successful 2024, Greece was 1 of only six countries to grounds a budget surplus.

Higher-than-expected revenues person allowed Prime Minister Kyriakos Mitsotakis to denote tax cuts and enactment measures to code the rising outgo of living, which polls amusement remains the public’s biggest concern.

The Greek system is expected to turn by 2.2% successful 2025—slightly little than earlier forecasts but inactive above the European average. Growth for 2026 is projected astatine 2.4%.

Highlights from the 2026 Draft Budget:

• Investment growth: +5.7% successful 2025, +10.2% successful 2026
• Unemployment: 8.6% successful 2026 (down from 9.1% successful 2025)
• Inflation: 2.2% successful 2026 (from 2.6% successful 2025)
• Primary surplus: 3.6% of GDP successful 2025, 2.8% successful 2026
• GDP: Approx. €261 billion (~$304 billion) successful 2026

The authorities is focusing connected attracting foreign investment, peculiarly successful the technology and renewable energy sectors, aiming to boost employment and productivity.