The European Commission adopted a set of measures on Wednesday (11 July) to closely monitor Greece’s fiscal policy after it concludes an eight-year-long bailout programme on 20 August, closing one of the darkest chapter’s in the single currency’s short history.

Greek PM Alexis Tsipras mighty have declared the end of the memoranda for his country in fanfare at the Zappeion Hall on Friday night, where he wore a necktie for the first time to celebrate the dealt the Eurogroup, but many pundits and media analysts do not share his optimism.

International credit rating agency Standard & Poor's has upgraded Greece's credit rating by two points.