Greece to Pay Off €6.9 Billion in June, Ending Its Run as Eurozone's Most Indebted Nation

Greece will make a €6.9 billion early debt repayment in June that will push its debt-to-GDP ratio below Italy's for the first time, ending its status as the Eurozone's most indebted nation relative to economic output — a symbolic milestone that carries significant weight for a country that needed three international bailouts to avoid bankruptcy. Government Spokesman Pavlos Marinakis confirmed the June timeline for the transaction, which clears a substantial tranche of Greece's first bailou...

By ANTHEE CARASSAVA