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 afew - Oct 31 16 comments
by gmoke - Oct 28 10 comments
by ManfromMiddletown - Oct 20 61 comments
by Democrats Ramshield - Oct 31 1 comment
by gmoke - Oct 7 3 comments
by afew - Oct 3116 comments
by Democrats Ramshield - Oct 311 comment
by gmoke - Oct 2810 comments
by ManfromMiddletown - Oct 2061 comments
by gmoke - Oct 73 comments
by ARGeezer - Oct 760 comments
by DoDo - Oct 310 comments
by Cyrille - Sep 24136 comments