Reported about 12 hours ago
Greece’s government celebrates a credit rating upgrade by Moody's, marking an end to a 15-year period of junk status for its bonds amid a severe debt crisis. Finance Minister Kostis Hatzidakis hailed the upgrade as a success for the government and all Greeks, reflecting the nation's improved public finances and government stability. Following years of austerity and international bailouts, Greece's substantial debt burden is expected to decrease further, with optimistic projections suggesting national debt may fall below 150% of GDP this year.
Source: YAHOO