Athens is accelerating debt repayments and drawing down its cash reserves, betting that lower interest costs and a cleaner debt profile will outweigh the comfort of a large financial safety net
ESM and the European Financial Stability Facility (EFSF) boards agreed to waive the requirement for proportional repayment of ESM/EFSF loans.
In 2025, Greece's general government debt is forecast to fall to 149.1% of GDP, with its nominal value at 361.4 billion euros
The specific Greek Loan Facility (GLF) loans were set to mature in 2024 and 2025. The GLF was the first bailout extended by Eurozone members and the IMF in May 2010.