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Greece’s Early €1.1 Billion Repayment Gives France a 2025 Budget Lift

France’s 2026 deficit goal remains 4.7% of GDP despite the windfall.

Overview

  • Lawmakers discovered the payment in budget texts, and senior MPs used it to needle the government during ongoing 2026 finance debates.
  • The €1.1 billion covers principal originally scheduled for 2033–2041 from bilateral loans extended by France during the 2010 crisis.
  • The inflow helps keep France’s 2025 public deficit in line with forecasts after two years of slippage.
  • Greece also prepaid €1.14 billion in 2023 and €1.7 billion in 2024, and still owes roughly €5.6 billion to France through 2041.
  • Bercy targets a 4.7% of GDP deficit in 2026, though ministers caution the shortfall could come in closer to 5%.