Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Cuts help raise Greece’s credit rating

 

Wednesday 19 December 2012 02:16 GMT
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

The ratings agency Standard & Poor’s yesterday raised the credit rating of Greece’s sovereign debt by six levels, from selective default to a B-minus.

It praised the “strong determination” of eurozone-member countries that have helped Greece to remain as a member state, while also highlighting government efforts to reduce spending.

More than €49bn was released to Greece last month as part of the latest tranche of bailout funding from the European Union and IMF. Prime Minister Antonis Samaras declared the loan a “new day” for the country.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in