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Image header Agence Europe
Europe Daily Bulletin No. 10348
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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