[InTime News]
Minister of National Economy and Finance Kyriakos Pierrakakis said in a Bloomberg TV interview from London that he is confident Greece’s public debt will drop below 120% of GDP before the end of the decade.
He noted that the country has already made substantial progress, with debt expected to fall to 137.6% in 2026, down from 210% after the pandemic.
Pierrakakis projected a 2.4% growth rate for 2026, emphasizing that it is significantly higher than the EU average. He added that Greece will continue producing strong primary surpluses – estimated at 2.8% in 2026 – while maintaining one of the fastest debt-reduction paths in Europe.
He stressed the importance of reducing the debt burden decisively, stating that Greece intends to avoid “passing the bill” to the next generation and aims for an “aggressive” but sustainable fiscal approach.