€10bn saved on national debt repayments

The country will have saved over €10bn on national debt repayments by the end of the year thanks to the renegotiation of the troika bailout programme.

Current forecasts are likely to see close to €4bn in savings achieved during 2015, which will bring the total reduction in repayments over the €10bn mark.

Restructured repayment agreements with the IMF, EU, and ECB — including the deal on promissory notes and, more recently, the early repayments of IMF loans — have reduced the burden on the country over the past three-and-a-half years.