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Greece public debt reduction continues

Updated 4 times since CLSTR started tracking revisions of this situation.

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2026-07-26 09:05 UTC → 2026-07-26 20:56 UTC · added removed

Greece public debt reduction continues

The Greek Ministry of Finance projections released in Finance’s July 2026 indicated that projections showed the public‑debt‑to‑GDP ratio would fall slipping below the 140 % threshold that marked the start of triggered the 2010‑2018 bailout programme, dropping to reaching 136.8 % in 2026 and continuing projected to decline fall to 119 % by 2029. The downward trend decline was attributed to driven by strong economic growth, sizeable sizable primary surpluses and an aggressive early‑repayment schedule of early debt repayments that have has already reduced cut bilateral loan liabilities by more than €36 billion. A The European Stability Mechanism Mechanism’s (ESM) stress‑test “Euro Area Stability Watch” report confirmed Greece’s rapid debt reduction, debt‑reduction pace, noting that public debt fell a drop to 143.5 % of GDP in Q1 2026 – a 9.4‑percentage‑point drop 9.4‑point fall from a year earlier – the fastest pace among euro‑area members. The Euro Area Stability Watch released on 26 July 2026 reaffirmed that Greece passed the stress test and projected report also outlined the debt ratio will keep falling even under a severe scenario featuring heightened Middle‑East tensions, higher energy prices and broader eurozone outlook: a sharp correction in US equity and bond markets. The baseline outlook expects the euro‑area debt ratio to climb rising to about 103 % of GDP by 2035, while Greece (and Cyprus) remain the only members with declining debt, with the IMF forecasting a Greek debt ratio modest recession risk with GDP projected to decline 0.4 % in 2027, and inflation hovering near 110.9 5 % by 2031. (average 3.4 %). Cyprus remains the only other country projected to keep decreasing its debt under the same adverse scenario. International Monetary Fund forecasts and rating‑agency projections echo this trajectory, with the same outlook, underscoring IMF expecting Greece’s debt ratio to reach roughly 110.9 % by 2031. Together, these assessments underscore Greece’s effective fiscal consolidation relative to the broader wider eurozone trend.

Versions

  1. 2026-07-26 20:56 UTC Greece public debt reduction continues
  2. 2026-07-26 09:05 UTC Greece public debt reduction
  3. 2026-07-26 09:04 UTC Greece public debt reduction
  4. 2026-07-26 07:49 UTC Greece public debt reduction
  5. 2026-07-26 06:00 UTC Greece public debt reduction

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