City
Epaper

Greece one step away from investment grade: PM

By IANS | Published: April 05, 2023 10:24 AM

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

InternationalEuropean Union, G7 Leaders Urge Preventing Escalation in Mideast

InternationalEarthquake in Greece: Quake of Magnitude 5.8 Jolts Near Filiatra

InternationalUkrainian Foreign Minister Welcomes European Union's 5 Billion Euros Military Aid Package

NationalIt’s a Pleasure To Be in India: Greek PM Kyriakos Mitsotakis Makes First State Visit in 15 Years (Watch)

InternationalBelgium: Protesting Farmers Hurl Eggs, Clog Streets With Tractors As EU Summit Begins in Brussels (Watch Videos)

Politics Realted Stories

PoliticsLok Sabha Election 2024: Modi, Yogi Are Going To Change Fate of Purvanchal in Next Five Years, Says PM Narendra Modi

Politics‘Keeping My Eyes on Sultanpur’: Maneka Gandhi Confident of Retaining Her Seat in Lok Sabha Election 2024

NationalLok Sabha Election 2024: AAP Launches ‘Washing Machine Ka Kaala Jaadu’ Campaign

PoliticsRahul Gandhi in Raebareli: Congress MP Breaks Silence on his Marriage; This What He Said (Watch Video)

PoliticsMaharashtra Lok Sabha Election 2024: Actor Mohan Agashe Casts Vote in Pune, Shares a Special Message for Voters