Greece plans to prepay roughly €13bln ($15.1bln) in 2026, aiming to cut its debt
stock below Italy’s by year-end, a source said. Repayments would include about
€2.5bln of European Stability Mechanism (ESM) loans and a €2.2bln bond maturing
in 2027; Athens also plans to run down €1.2bln of T-bills by Dec. 31. The move,
financed by a large budget surplus and ample liquidity, follows a €6.9bln
rescue-loan repayment in June that has pushed Greece’s 10-year yield below those
of Italy, France and the UK.
