Greece Finalizes Repayments to IMF Earlier Than Planned

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Greece Finalizes Repayments to IMF Earlier Than Planned

Greece has paid off its debts to the International Monetary Fund two years earlier than expected.

The country received more than $307 billion in three international bailouts from the euro zone and IMF since 2010. 

On Tuesday, Greek Prime Minister Kyriakos Mitsotakis took to Twitter to proclaim that the country’s early repayment of the last bailout loan marked the “end of an era.”

“[This is] the end of an era for the IMF as a lender in Greece! The government, repaying early and the last obligations of the country, closes a gray chapter that opened in March 2010,” Mitsotakis wrote. “An era that Greeks should not and will never live again.”

Greek Finance Minister Christos Staikouras had earlier announced that “Greece concluded today the repayment of its debts to the IMF,” claiming that the country saved $252 million by paying back the loan early

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