Fitch Optimistic About Greece
- Written by E.Tsiliopoulos
The most recent report by Fitch ratings agency on developments in the eurozone shows a more optimistic assessment for the Greek economy projecting this year's recession at 4%, and showing 0.5% growth for 2014.
The report also highlights three provisions that would support an upgrading of the Greek economy: sustainable economic growth through a full implementation of the adjustment program, steady output of primary surpluses, and stabilization/resurgence of the banking system.
Fitch (as well as Moody's, and Standard & Poor's) are monitoring developments in Greece closely and any decisions they make will impact on the possibility of stabilizing a positive climate for Greece and a recourse to markets.
The provisions in the Fitch report could positively affect Greece's rating (B- with stable outlook). In the opposite event, a downgrading, could trigger inability in applying the adjustment program , along with political instability, feeding the risk of an exit from the eurozone.
Related items
- Marinakis: Dialogue with Turkiye does not mean agreement but presenting Greek positions
- Kasselakis visits Greek ethnic minority towns of Bularat, Dropuli in southern Albania
- PM Mitsotakis visits Attikon University General Hospital and Daphni monastery
- Greek Beach Visitors Can Report Violations on New ‘MyCoast’ App
- Education Min Pierrakakis raises Chora Monastery conversion issue during Vatican visit
Latest from E.Tsiliopoulos
- Marinakis: Dialogue with Turkiye does not mean agreement but presenting Greek positions
- Kasselakis visits Greek ethnic minority towns of Bularat, Dropuli in southern Albania
- PM Mitsotakis visits Attikon University General Hospital and Daphni monastery
- Greek Beach Visitors Can Report Violations on New ‘MyCoast’ App
- Education Min Pierrakakis raises Chora Monastery conversion issue during Vatican visit