Greece economy shows resilience with lower bond spreads

Alpha Bank reports that Greek government bonds are demonstrating resilience against international market uncertainty. The country is currently maintaining lower spreads compared to France and Italy, despite those nations having higher credit ratings and lower debt-to-GDP ratios. This trend suggests investors are prioritizing Greece's fiscal dynamics and economic outlook.

Greek public debt is projected to decrease from 145.4% of GDP in 2025 to 136.7% in 2026, and further to 128.8% by 2027. This reduction is supported by primary surpluses, estimated at 3.6% of GDP this year and 3.3% in 2027, as well as early debt repayments totaling approximately 34 billion euros between 2022 and 2026.

In the Athens Stock Exchange, the General Index recovered from a two-day decline, closing at 2,616.12 points, a gain of 0.53%. The recovery was driven largely by the banking sector, with Alpha Bank and Piraeus Bank leading the gains following announcements regarding the out-of-court settlement mechanism.