Greek interest to the lowest point in 12 years

The interest rate on ten-year Greek government bonds has dropped to the lowest level since January 2006 on Monday.

The credit rating for Greece was raised Friday from B3 to B1. According to Moody's, the reforms of Greece are starting to pay off after a very serious economic crisis. A stronger economy, combined with close supervision by creditors, reduces the chances of reversing reforms. Furthermore, the sustainability of Greek debt has improved.