Despite Greece’s gross public debt reaching a record €368.3 billion in June, the net debt picture is improving, according to the latest data from the Public Debt Management Agency (PDMA).
Thanks to a rise in cash reserves to €41.9 billion, net debt declined to €326.4 billion, down from €328.6 billion at the end of 2024.
Key strengths include:
- Average debt maturity at 18.7 years
- Average interest cost at 1.75%
- 10-year bond spread below Italy’s, and at times, even France’s
Liquidity buffer breakdown:
- €10.7 billion remains in a special account from the bailout era
- Used for early repayments of bilateral loans from the 1st Memorandum
- A new prepayment of €5.3 billion is scheduled for December 2025, for loans maturing 2033–2041, aiming for full payoff by 2031
Market sentiment & outlook:
The fiscal discipline, together with strong liquidity and targeted early repayments, may support a positive credit rating review in September 2025, further anchoring Greece’s image as a resilient issuer in the Eurozone.
Source: pagenews.gr