STORY – Athens has repaid its last installment to the monetary fund and closes more than a decade of crisis.
Athens
This date will remain in the annals of Greece. The day before 1er May, Athens settled its debts with the International Monetary Fund (IMF) two years in advance, repaying “1.85 billion euros, which saves some 230 million euros in interest”, welcomed Christos Staïkouras, the Minister of Finance. A great relief for the country: “Greece closes a dark chapter that began in 2010. A period that we must not relive and that we will not relive”, tweeted Conservative Prime Minister Kyriakos Mitsotakis.
Read alsoGreek debt: how Athens accumulated such a burden
Since coming to power in 2019, he has been struggling to ensure that the country and its inhabitants turn the page on the most painful economic crisis in their history. In a television address on April 20, the head of government announced a 9.7% increase in the minimum monthly wage, or 713 euros. This is the second time he has given such a boost. In 2019, under pressure from the unions, he had increased it by 2%, to…
This article is for subscribers only. You have 89% left to discover.
Cultivating your freedom is cultivating your curiosity.
Keep reading your article for 1€ the first month
Already subscribed? Login