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S&P Downgrades Greece to Junk; Outlook 'Negative'

Standard & Poor's Ratings Services lowered its long- and short-term sovereign credit ratings on Greece to 'CCC+/C' from 'B-/B'. At the same time, Standard...

5th Year of Greek Crisis: An Economic Strategy For Greece

In the 5th year of the Greek economic crisis, Greece has good fiscal news as it continues to build a primary surplus, but for debt, reforms and unemployment it has made only limited progress.

Plans on Greece's Return to Markets

While talking to the Financial Times, the head of the Greek Public Debt Management Agency (ODDH) presented his arguments in favor of Greece returning to...

Where Did Greece's Bailout Money Go?

Three years after international bailouts began to keep Greece's economy from imploding, the government has spent a first rescue package of $152 billion and...

Bloomberg: Europe’s Plan C for Greece is No Better than Plans A or B

Europe’s leaders have reached Plan C in their efforts to rescue Greece. Unfortunately, it lacks a crucial element also absent in Plans A and...

Merkel: Greece Needs More Than Three Years

German Chancellor Angela Merkel has pleaded for an extension of Greek debt maturities. "Greece has to cope with the consequences of its grave errors in...

Fitch Ratings Upgrades Greece to BB+ Outlook Stable IDR

Fitch Ratings upgraded Greece's Long-Term Foreign-Currency Issuer Default Rating (IDR) to "BB+" on Friday. The previous rating was "BB". The Outlook is now Stable. The...

ESM's Klaus Regling Warns Greece Not to Backslide on Reforms

ESM Managing Director Klaus Regling warned the Greek government not to abandon its commitments in the post-bailout era saying that if Athens reneges, creditors...

Standard & Poor's Upgrades Greece's Credit Rating to B+

Standard & Poor's (S&P) ratings agency has upgraded Greece's credit rating by one notch, from 'B' to 'B+' According to the Associated Press, S&P said Greece's...