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Wednesday, June 15, 2011

Greece protests the Government once again, the standard and poor's lowered its credit rating

Xinhua Athens, June 13 (reporter Liang Yeqian) Greece Ministry of Finance issued a statement on 13th, strongly protested the credit rating agency standard and poor's on its long-term sovereign credit rating from "b" down to "CCC".

p to Greece's short-term sovereign credit rating to c, the Outlook is negative. Poor's pointed out that Greece looks the possibility of debt restructuring is "up".

Greece finance said, according to meet the current for the Declaration of some rumors, but ignores the European Union and the European Central Bank and the International Monetary Fund currently under intensive consultations, seeking solutions within the next few years to meet Greece's financial needs.

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Greece Treasury also said , Poor's statement also ignored the Greece Government paid tremendous efforts to prevent a breach, as well as Greece aspirations of the people want to stay within the eurozone. Greece will be before the end of June by a medium-term fiscal policy to ensure that Greece's sovereign debt stable security.

Greece media that poor's lowered Greece's credit rating, happens to be the 14th of the eurozone Member States met in Brussels and the European Union Summit next week to discuss the previous day against Greece before the issue of further assistance.

6 1st rating agency Moody's had to Greece from the B1 down to Caa1 credit rating, prospect as a negative, have thrown Greece strong resentment of the Government.