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Your daily horoscope: May 9, 2025

  IF TODAY IS YOUR BIRTHDAY A change of direction is a must this year as you have reached the end of your current journey and need a new challenge. Make a break with the past and make it one that cannot be reversed. Move forward fast and don’t look back. ARIES (March 21 - April 20): Someone you meet on your travels will catch your eye and maybe your heart as well. If it’s true that opposites attract you could find yourself getting close to someone whose charms are very different to your own – and remarkably the relationship will work. TAURUS (April 21 - May 21): Someone you think of as a friend will say something today that annoys you intensely. It may be the case though that they can see things that you cannot, so be open to what they tell you. They could be doing you a very big favor. GEMINI (May 22 - June 21): If you listen too much to other people’s advice today you could end up facing in several directions at once and ultimately getting nowhere. Pay attention to what friends a...
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Greece's Bold Move: Early Repayment of Bailout Loans

Greece is set to repay the remaining loans from its first bailout program by 2031, a full decade ahead of schedule. This ambitious plan, confirmed by government officials, aims to reduce the country's debt burden and shed its label as the most indebted member of the European Union.

The repayment will proceed in annual increments of €5 billion, supported by a €37 billion cash reserve, higher-than-expected budget surpluses, and new bond issuances. Finance Minister Kyriakos Pierrakakis expressed confidence in this strategy, emphasizing its potential to improve Greece's fiscal standing.

This move comes as Greece continues to recover from the financial crisis that began in 2009, which led to three bailout packages totaling €280 billion. By the end of 2024, Greece had already repaid €22 billion of the €53 billion owed from the first bailout.

With its economy projected to grow by 2.3% this year—twice the eurozone average—Greece is on track to reduce its debt-to-GDP ratio to 135% by 2027. This marks a significant turnaround for a country that has faced years of austerity and economic challenges.

This bold repayment plan not only symbolizes Greece's economic resilience but also sets a precedent for fiscal discipline and recovery within the EU.

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