Reducing public debt is a national duty, Prime Minister Kyriakos Mitsotakis emphasizes in a Facebook post, following yesterday’s announcement regarding the early repayment of 13 billion euros by 2026.
«Because when an entire country is in debt, its citizens are in debt too. And when one generation is unable to pay off its debts, the burden falls on the shoulders of its children. Well, this destructive chain of responsibility is now being broken. Greece is steadily reducing its past public debt faster than any other European country! »And with yesterday’s announcement of the early repayment of 13 billion by 2026, it is leaving behind its dubious distinction as the most indebted country on our continent,” the prime minister emphasized.
As Kyriakos Mitsotakis notes, «I know that this news may not receive much publicity or be easily understood. Its significance, however, is immeasurable. Because it means greater fiscal freedom for the state. But it also means fewer burdens on citizens—and especially on our young people. That is why reducing the debt was one of the central commitments I made, and I am pleased that the persistent efforts of the government and all Greeks are now making it a reality.’.
According to the prime minister, «Yesterday’s development marks the achievement of a key goal—and, in fact, ahead of the deadline we had set. Thus, by 2031, public debt will have fallen below 110%, as it has shrunk by one-third from 2021 to the present. This translates into significantly greater national credibility; more favorable borrowing terms for the government and businesses; and, ultimately, greater prosperity for all. This is, therefore, a national success that transcends the daily partisan squabbling and self-pity.».
«It represents one of the most significant achievements of Greek women and men. And it is the message of optimism that a dynamic economy now conveys, offering prospects and hope to society as a whole. We said it! We’re doing it! And we’re keeping it up!» Kyriakos Mitsotakis concludes in his post.
In order to pay off the foreign creditors, they won't tell us how much they owe the Greeks.
Personally, they've owed me my supplementary pension for 3.5 years…
How much more do they owe to government suppliers, and by how much are expenditures on schools, hospitals, and social benefits being cut?