«We did! We do it! And keep going!». With this phrase Kyriakos Mitsotakis It gives the political stigma for the early repayment of EUR 13 billion in 2026, linking its large de-escalation Public debt with the next day of the Greek economy.
The Prime Minister speaks of the end of an era, as he points out, Greece leaves behind the negative lead of the most indebted state in Europe. And he uses a characteristic image to describe the meaning of this change: «This destructive chain of responsibilities is now breaking».
For Kyriakos Mitsotakis, the reduction in public debt is «national task». Because a country's debt, as it explains, does not stay in state accounts. It concerns its citizens and, when a generation is unable to repay its debts, the bill goes to the next.
The new move concerns early repayment of EUR 13 billion in 2026, further accelerating debt deescalation.
According to Prime Minister, Greece now reduces public debt of the past faster than any other European country and with the new repayment leaves behind the negative lead of the most overindebted state in Europe.
Maybe billions and percentages look away from everyday life. Kyriakos Mitsotakis, however, insists precisely on the practical imprint of the de-escalation: more fiscal freedom for the state, fewer burdens for citizens and less burden for younger generations.
«I know that this news may not get much publicity or become too easily understood. Its content, however, is priceless», report.
The next big station is 2031. By then, according to Kyriakos Mitsotakis, public debt will have retreated less than 110%, It has already shrunk by one third since 2021.
And here is the second big profit that the Prime Minister focuses on: the smaller debt exposure translates into greater reliability for the country and more favourable loan conditions for the state and businesses.
This development, in fact, is coming.or earlier than the schedule originally placed, with Kyriakos Mitsotakis characterizing it «national success over and above everyday party misery and memory».
The Prime Minister talks about one of the most substantial conquests of Greeks and attempts to look at the next day: an economy with less weight than the past, greater reliability and more degrees of freedom for the future.
The entire post of Kyriakos Mitsotakis:
«A reduction in public debt is a national task. Because when an entire country owes, its citizens owe. And when a generation is unable to repay its debts, then their weight is on the backs of its children. Well, this destructive chain of responsibilities is now breaking. Greece is constantly reducing the public debt of the past faster than any other European country! While yesterday's announcement of the early repayment of 13 billion in 2026 leaves behind the negative lead of the most overcharged state in our continent.
I know that this news may not get much publicity or become too easily understood. Its content, however, is priceless. Because it means greater fiscal freedom for the State. But also less burdens for our citizens - and especially our young people. Therefore, debt reduction has been one of the central commitments I made and I am pleased that the persistent efforts of the government and all Greeks are making it a reality today.
Yesterday's development marks the fulfilment of a key objective and, indeed, earlier than the time we had set. Thus, by 2031, public debt will have fallen below 110%, as from 2021 until now it has shrunk by 1/3. Which translates into much greater national credibility. In more favourable terms for the lending of a State and an undertaking. And, finally, more prosperity for everyone. This is therefore a national success over and above the daily party misery and memphiria.
It constitutes one of the most substantial conquests of Greek women and Greeks. And it is the optimistic message that now broadcasts a dynamic economy, giving perspective and hope to all of society. We did! We do it! And keep going!»
