Greece launches a digital platform to track state payment delays as debts to businesses, suppliers and taxpayers top €3.2 billion.

The prime minister took to social media to frame Greece's accelerated debt repayment as a generational achievement, even as budget data show the surplus funding came largely from taxes on workers and the self employed

Athens is fast-tracking repayments on EU bailout loans and bonds this year, aiming to push its debt stock below Italy's by December as fiscal surpluses keep beating forecasts

The government is relying on primary surpluses and early debt repayments to accelerate the decline, with two more repayments totaling €4.7 billion planned by the end of 2026.

Greece plans €4.7 billion in early debt repayments by year-end, aiming to cut borrowing needs, strengthen market confidence and reduce its debt ratio.

The Hellenic Fiscal Council warns that Greece still carries the EU's largest debt load, spends as much on interest as on defense, and faces costlier market borrowing as cheap bailout loans are repaid through 2070.

Greek finance minister, Kyriakos Pierrakakis, told parliament that for every €1 billion repaid ahead of schedule, Greece saves €30 million in interest costs, and that the risk tied to a large cluster of debt obligations due around 2032 had been substantially reduced.

Greek Finance Minister Kyriakos Pierrakakis referred to an early repayment plan amid favorable court ruling in reducing the debt burden and strengthening investor confidence

According to the Medium-Term Plan submitted by the Ministry of National Economy and Finance, Greece’s public debt is projected to decline to 136.8% of GDP by the end of 2026.

Despite a steady decline in debt as a share of GDP, Greece still carries Europe’s highest public debt burden, with medium-term risks tied to growth, fiscal discipline and global uncertainty

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

As a share of GDP, public debt is expected to fall to 138.2% from an estimated 145.9% in 2025, with the government targeting a drop below 120% of GDP by 2029.

Athens’ broader objective is to fully repay its bailout-era loans by 2031—roughly a decade earlier than their final contractual maturity.

Finance Minister Kyriakos Pierrakakis told Bloomberg TV that Greece aims to speed up repayment of its earliest bailout loans and push debt below 120% of GDP before the decade ends, while pursuing investment and capital-market reforms

Moody's notes that most countries projected to cut debt in 2026 have lower credit ratings, with Greece (Baa3) standing out as an exception.

For June 2025, new overdue debts stood at €375 million, compared to €407 million in June 2024—a 7.86% decrease.

By spring 2026, every debt of all public bodies will be automatically recorded from the moment it arises, complete with date, amount, and creditor, ending decades of opacity in public finances.

Compared with Q4 2024, debt-to-GDP ratios rose in 16 EU member states, declined in 10, and remained unchanged in the Czech Republic, ELSTAT said.

Public hospitals remain the primary contributors to the mounting debt, with their outstanding payments to suppliers climbing to 1.489 billion euros in March.

Greek public debt currently stands at €364.8 billion, according to the Public Debt Management Agency (PDMA). Despite the exorbitant amount, markets consider it serviceable, one of the reasons, among others, that prompted Greek Finance Minister Kyriakos Pierrakakis to state the country would “not be the most indebted by 2029” during his visit to the PDMA […]