Moody's raised troubled Greece's credit rating by two notches Friday, citing improvements to the government's finances and its commitment to further gains. Greece will also meet the target for a primary budget surplus of 1.6 percent this year set by its bailout lenders, the International Monetary Fund, the European Central Bank and the European Commission. Greece's economy has continued to ...
ATHENS, Greece (AP) — With the violence in Libya escalating to its worst level since the 2011 ouster of dictator Moammar Gadhafi, governments from around the world are scrambling to evacuate their citizens from the country, many seeking help from nearby Greece.
ATHENS, Greece (AP) — Greece's next meetings with international debt inspectors will take place in Paris instead of Athens, the government said Tuesday, calling the move a sign that the country is no longer under "intense pressure" to make austerity measures.
Moody's Investors Service upgraded Greece's government bond rating to Caa1 from Caa3, citing the progress in implementing structural reforms. The ratings agency said Greece's short-term debt rating is unaffected and remains "Not Prime".
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