City
Epaper

Greece one step away from investment grade: PM

By IANS | Updated: April 5, 2023 10:40 IST

Athens, April 5 Greek Prime Minister Kyriakos Mitsotakis said that the country is close to regaining an investment ...

Open in App

Athens, April 5 Greek Prime Minister Kyriakos Mitsotakis said that the country is close to regaining an investment grade credit rating after 12 years in junk status.

"The national economy in four years has been upgraded 12 times. It is now one step away from investment grade... Our country is no longer a problem, but part of the solution in European developments," he said during an event on Tuesday.

After suffering a severe debt crisis since 2009, which brought the country to the brink of collapse, Greece finally exited the bailout era in 2018, reports Xinhua news agency.

The country also exited the European Union's enhanced surveillance framework last summer, under the current conservative government.

Greece's general elections will be held on May 21.

According to analysts, credit ratings agencies may upgrade the economy to investment status shortly before or after the elections.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: European UnionXinhuaGreeceAthensKyriakos MitsotakisGreState steelEuropean affairsNe region
Open in App

Related Stories

InternationalTariff War: Diamonds, Eggs Among Goods to Get Costlier If EU Retaliates Against US Tariffs

TechnologyApple Bans 135,000 Apps From App Store Over Missing Trader Information

Other SportsDr. Payal Kanodia Set to Represent India Again at the IUKL World Championship 2024 in Corfu, Greece

InternationalMajor UK Railway Stations Hit by Cyber Attack; Network Rail Suspends Wi-Fi Service

EntertainmentKarishma Tanna Wishes Husband a Happy Birthday With Heartfelt Message in Mykonos (See Pics)

Politics Realted Stories

Maharashtra'Unity Not Just for Elections': MNS Leader Sandeep Deshpande on Possible Thackeray Alliance

PoliticsMurshidabad Violence: Shehzad Poonawalla Slams Yusuf Pathan Over Tea Post, Says, “As Hindus Get Slaughtered…”

PoliticsTamil Nadu Assembly Elections 2026: BJP-AIADMK Join Hands, Palaniswami To Lead Alliance, Says Amit Shah

Politics‘No Injustice to Muslims’: Shiv Sena Leader Manisha Kayande Slams Opponents of Waqf Amendment Bill

NationalParliament Passes Waqf Amendment Bill: Two JDU Leaders Resign Over Party's Support