Prime Minister Evangelos Venizelos stated that the demand for the nation's 3.5 billion euros worth of five year bonds, revealed that Greece's debt is maintainable.

Moody's rating firm did not alter Greece's C stance on Friday, but the markets don't seem overly concerned on its current standing, regarding the nation's economic outlook.

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.