International Monetary Fund

May 30, 2019 Author Herb

The Agency’s measurement of risks has once again lowered the the sovereign debt rating of Greece, from B to CCC, with negative Outlook. He understands that Greece lives in an increasingly complicated political environment, coupled with the current climate of economic difficulties. The euro zone Finance Ministers held an extraordinary meeting Tuesday to agree on a solution to the Greek crisis. Measurement of risk Standard & Poor s Agency has once again lowered the the sovereign debt rating of Greece, from B to CCC, with negative Outlook, and thereby waste sinks it even more in the bond category. In a statement, the Agency notes that this reduction reflects the growing risks associated with the implementation of the programme of the European Union (EU) and the International Monetary Fund (IMF) in a political atmosphere increasingly complicated in Greece, together with the current climate of economic difficulties. In fact, in this situation, the Finance Ministers of the zone Euro held an extraordinary meeting in Brussels which will try to agree on a solution to the Greek crisis, according to various European sources confirmed Tuesday.

The meeting, which was not foreseen, has been organized taking advantage of a working dinner that will keep the holders of all EU finance to discuss the reform of fiscal discipline. Currently, the EU discussed the possibility of granting a second aid package to Greece, which could amount to 90 billion euros, to cover the financing needs of the country until 2014. Sources quoted by the press say one-third of this second help will be facilitated by the EU and the IMF, one third will come from the hellene privatization programme and the rest will be up to private creditors of Greece, point which constitutes the greater focus of disagreements. Source of the news: Standard & Poor s plunges even more Greek debt in the bond category trash