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Europe Daily Bulletin No. 10419

15 July 2011
GENERAL NEWS / (ae) eu/greece
Criticism of latest Greek credit downgrade

Brussels, 14/07/2011 (Agence Europe) - On Thursday 14 July, the European Commission roundly criticised the latest downgrade of Greece's financial rating by Fitch. The rating agency criticised the lack of a properly financed and credible new bailout and rated Greek bonds at CCC, edging the country closer to default status. A Commission spokesperson said the Commission could not understand Fitch's regrettable decision because the IMF has just approved the payment of a new batch of aid, showing...

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