Greece Says Early Debt Payoff Saves Billions, Frees Fiscal Space

Greece’s finance minister has defended the government’s push to repay debt early, saying it shaves hundreds of millions of euros off annual interest bills and creates more room in the budget to support households and growth. Kyriakos Pierrakakis, who also chairs the Eurogroup, said in a video posted on social media that for every 1 billion euros repaid ahead of schedule, Greece saves about 30 million euros a year in interest.  He said that of the 52.9 billion euros in loans from the first ...

By NEWSROOM IEFIMERIDA.GR