Greek interest to the lowest point in 12 years

Greek interest to the lowest point in 12 years

World March 4, 2019 11:32

athens - The interest rate on ten-year Greek government bonds has dropped to the lowest level since January 2006 on Monday. The fall in costs for the Greek government to borrow money follow a positive...

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.

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