Is the Greek rescue plan underway? According to recent news, French banks including BNP Paribas told the French government they are willing to be among the financiers to roll over the maturing Greek government bonds, and thus to avert a…
Tag: Greece debt crisis bailout
S&P downgraded Greece’s credit rating to CCC
The bad news keeps on coming on Greece, this time it comes from the S&P; the rating company downgraded Greece’s long term credit rating from B to triple C. According to S&P, Greece will need 153 billion euros between…