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

The ECB said in a Monday blog that frothy US tech valuations may be vulnerable to a market correction and that limited fiscal and monetary policy space would constrain the ability to cushion any economic shock. Prices could fall even if technologies succeed and corporate profits rise because profit expectations may be overly optimistic; when investor sentiment reverses, losses can outpace what would occur under rational pricing. A US tech downturn would pose a financial‑stability risk for Europe: European household exposure to the seven largest US tech firms is roughly €440bn, with pension funds and insurers holding similar-sized exposures. Given high correlation between European and US markets, European equities would likely be affected.

IRNA reported the Hormozgan Ports and Maritime Organization said oil-spill cleanup on Qeshm Island is complete.