Early Repayment of Bailout Loans a 'Powerful Message,' Central Bank Chief Says

Greece's program to repay its archetypal bailout loans a decennary up of docket sends a "powerful message" of fiscal subject and assurance to planetary markets, the country's cardinal slope politician has said.

Speaking astatine the Athens International Investment Summit, Bank of Greece Governor Yiannis Stournaras endorsed the government's program to repay €31.6 cardinal successful loans from its archetypal memorandum programme by 2031. 

He said the determination would accelerate indebtedness simplification and fortify the country's creditworthiness.

"By enhancing fiscal credibility, this initiative... ensures intergenerational fairness by relieving aboriginal taxpayers from portion of today’s fiscal burden," Mr. Stournaras said.

He besides forecast an improved existent relationship equilibrium for 2025, supported by beardown exports and a longer tourism season. 

"Today, Greece exemplifies stability, resilience, and opportunity," Mr. Stournaras concluded, describing the state arsenic a "strategic concern gateway to Southeastern Europe."