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Europe Daily Bulletin No. 10348

31 March 2011
GENERAL NEWS / (eu) eu/greece
Criticism of latest downgrading of Greek debt

Brussels, 30/03/2011 (Agence Europe) - On Wednesday 30 March, the European Commission criticised the latest downgrading of Greece's debt by rating agency Standard & Poor's (from BB+ to BB-) because of fears about a potential restructuring of the debt. EU Economic and Monetary Affairs Commissioner Olli Rehn said that the Commission did not share Standard and Poor's' assessment. He said that the Commission's comments were clear and transparent and shared by the International Monetary Fund and...

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