Greek Prime Minister Kyriakos Mitsotakis has stressed that reducing public debt is a national duty, in a Facebook post following Monday’s announcement of the early repayment of 13 billion euros in 2026.
“Because when an entire country is in debt, so are its citizens. And when one generation is unable to repay its debts, the burden is passed on to the shoulders of its children. Well, this destructive chain of responsibility is now being broken. Greece is continuously reducing the public debt inherited from the past, faster than any other European country! And with yesterday’s announcement of the early repayment of 13 billion euros in 2026, it is leaving behind the negative distinction of being the most heavily indebted country on our continent,” the Prime Minister stressed.
Kyriakos Mitsotakis also noted “I know that this news may not receive much publicity or be particularly easy to understand. Its significance, however, is invaluable. Because it means greater fiscal freedom for the state. But also lower burdens for citizens – and above all, for our young people. That is why reducing debt was one of the central commitments I made, and I am pleased that the persistent efforts of the government and all Greeks are turning it into reality today.”
According to the Prime Minister, “yesterday’s development marks the achievement of a key objective, and indeed earlier than the timeframe we had set. Thus, by 2031, public debt will have fallen below 110%, having shrunk by one-third since 2021. This translates into much greater national credibility, more favourable borrowing terms for the state and businesses, and ultimately greater prosperity for all. It is, therefore, a national success that rises above and beyond the everyday pettiness and recriminations of party politics.”
“It represents one of the most substantial achievements of Greek men and women. And it is the optimistic message now being conveyed by a dynamic economy, offering prospects and hope to society as a whole. We said it! We are doing it! And we are carrying on!” Kyriakos Mitsotakis concluded in his post.
Source: ANA-MPA
