The EFSF and ESM approved Greece’s early repayment of part of the loans granted under the first bailout package

Local Eye

Jun. 8, 2026

GREECE

Macro/Political:

  • The EFSF and ESM approved Greece’s early repayment of part of the loans granted under the first bailout package, amounting to EUR 6.94 billion. More specifically, the boards of directors of the ESM and EFSF decided to exempt Greece from the obligation to make proportional early repayments of loans owed to the two institutions. This obligation is normally triggered when a country repays other official creditors ahead of schedule.
    Source: Naftemporiki

 

  • In 1Q26, seasonally adjusted GDP in volume terms increased by 0.2% quarter-on-quarter (q-o-q) and 2.0% year-on-year (y-o-y).
    Source: ELSTAT

 

  • According to Elstat, the seasonally adjusted unemployment rate in 1Q26 was 10.6% compared to 8.3% in 4Q25, and 10.4% in 1Q25.
    Source: ELSTAT