Mitsotakis Pledges to Cut Greek Debt With Eye on Credit Upgrade

Greece Prime Minister Kyriakos Mitsotakis said he aims to significantly cut the debt ratio by the end of his second term as he laid out plans to increase wages and pensions and cut taxes.

Mitsotakis won a resounding majority last month, getting a mandate to implement the investor-friendly policies he’d touted during his campaign.

He told lawmakers on Thursday that he wants to cut debt to “well below” 140% of gross domestic product by the end of 2027, as the country eyes a return to the investment grade status this year. The ratio was still about 170% at the end ...