The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
What, they mean that Greece having been shut out of the capital markets for over a year and recently downrated to the worst credit rating on the planet isn't bad enough already?
In that context, what is it that the "rescue" is going to accomplish for Greece? They acknowledge it won't return to the markets until 2013, and it will remain with a high debt to GDP ratio so its rating will continue to be low even after that.
Economics is politics by other means
what is it that the "rescue" is going to accomplish for Greece?
I didn't realise until reading it yesterday, that for some agencies, there is a rating below C: D.
Bond credit rating - Wikipedia, the free encyclopedia
Moody'sStandards & PoorFitchCredit worthiness - C C The obligor is CURRENTLY HIGHLY-VULNERABLE to nonpayment. May be used where a bankruptcy petition has been filed. C D D An obligor has failed to pay one or more of its financial obligations (rated or unrated) when it became due.
by marco - Mar 26 21 comments
by gmoke - Mar 26
by DoDo - Mar 19 18 comments
by DoDo - Mar 7 21 comments
by DoDo - Mar 12 33 comments
by DoDo - Mar 14 7 comments
by Upstate NY - Mar 15 294 comments
by Frank Schnittger - Mar 14 22 comments
by gmoke - Mar 26
by marco - Mar 2621 comments
by DoDo - Mar 1918 comments
by Upstate NY - Mar 15294 comments
by Frank Schnittger - Mar 1422 comments
by DoDo - Mar 147 comments
by alexc - Mar 126 comments
by DoDo - Mar 1233 comments
by paul spencer - Mar 113 comments
by gmoke - Mar 7
by DoDo - Mar 721 comments
by fjallstrom - Feb 28115 comments
by talos - Feb 23171 comments