loans - Garner Ted Armstrong Evangelistic Association https://www.garnertedarmstrong.org Let No Man Take Your Crown Tue, 28 Nov 2023 22:59:55 +0000 en-US hourly 1 https://www.garnertedarmstrong.org/wp-content/uploads/2024/05/cropped-Screen-Shot-2024-05-16-at-1.06.13-PM-32x32.png loans - Garner Ted Armstrong Evangelistic Association https://www.garnertedarmstrong.org 32 32 Exclusive: Greece to repay more euro zone bailout loans ahead of schedule https://www.garnertedarmstrong.org/exclusive-greece-to-repay-more-euro-zone-bailout-loans-ahead-of-schedule/?utm_source=rss&utm_medium=rss&utm_campaign=exclusive-greece-to-repay-more-euro-zone-bailout-loans-ahead-of-schedule Tue, 28 Nov 2023 22:59:55 +0000 https://www.garnertedarmstrong.org/?p=44880 ATHENS, Nov 28 (Reuters) – Greece will next month repay ahead of schedule 5.3 billion euros ($5.8 billion) of loans owed to euro zone countries under its first bailout, and hopes to repeat the move in 2024, finance ministry officials … Read More

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]]> ATHENS, Nov 28 (Reuters) – Greece will next month repay ahead of schedule 5.3 billion euros ($5.8 billion) of loans owed to euro zone countries under its first bailout, and hopes to repeat the move in 2024, finance ministry officials told Reuters on Tuesday.

The euro zone and the International Monetary Fund (IMF) together lent Greece more than 260 billion euros during its decade-long debt crisis which began in late 2009, in exchange for tough austerity measures.

The country’s third bailout expired in 2018.

“On Dec. 15, we will repay earlier than expected 5.3 billion euros to euro zone countries,” an official who spoke on condition of anonymity told Reuters, adding that the payment refers to loans maturing in 2024 and 2025.

Greece recently regained its investment grade credit rating after languishing for 13 years in the “junk” category.

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Source: https://www.reuters.com/markets/europe/greece-repay-more-euro-zone-bailout-loans-ahead-schedule-officials-2023-11-28/

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