Greece

By Janet Bednarek The U.S. airline industry has generally faced two obstacles in enticing more people to fly: fear and fares. Before the novel coronavirus, few feared flying thanks to the extreme rarity of airline crashes in the U.S., and domestic...

Greece went under lockdown at 6:00 a.m. on Monday to prevent further spreading of the coronavirus in the country. All unnecessary movement outside one's own home is now banned. The government has issued strict guidelines on exactly who and how...

The Athens Stock Exchange plunged 13.39 percent on Monday, as investors worldwide react to the coronavirus and the oil price war launched by Saudi Arabia overnight. OPEC and Russia added to the worst one-day crash in crude prices in nearly 30...

Greece's economy has slowly but steadily entered the zone of seeing its solvency being upgraded by major global credit rating agencies, after several years of a financial meltdown and harsh conditions. Following the recent upgrades of its solvency and its...

Rating agency Standard and Poor's upgraded on Friday evening Greece's sovereign credit rating by one notch, from B+ to BB-. The agency noted that the decision of the government in August to lift the remaining capital controls was implemented without...

Greece’s borrowing costs have tumbled to a record low on Wednesday, reflecting hopes among foreign investors that the new government will be able to reinvigorate Greece’s reform program. The 10-year bond yield fell 2.6 percent on a daily basis on...

Expectations for the upgrading of Greece by Standard & Poor's (S & P) were not confirmed, as the rating agency kept Greece at a B+ rating. Although, the Greek market and the investment community anticipated an upgrading, S & P...

Standard & Poor’s (S&P) rating agency kept Greece’s credit rating at ''B+'' on Friday, following an upgrade made in July 2018, when the agency increased the country's rating by one notch. According to S&P, the outlook for the Greek economy...

Standard & Poor's (S&P) ratings agency has upgraded Greece's credit rating by one notch, from 'B' to 'B+' According to the Associated Press, S&P said Greece's debt risks are now reduced following last week's decision by the country's international creditors to...

The optimistic outlook about the future of Greece's economy after S&P's upgrade on Friday continues with good news on two fronts: Greek short-dated bond yields and the country's account deficit. Short-dated government bond yields fell on Monday following a decision...

Standard & Poor's Global Ratings on Friday upgraded Greece’s long-term sovereign credit rating by one notch to B from B- leaving it below investment grade but with a positive outlook. The country’s long-term foreign currency debt was upgraded to B...

Standard & Poor's rating agency (S & P) upgraded the Greek credit outlook to positive from stable on Friday. "On July 21, 2017, S&P Global Ratings revised the outlook on the Hellenic Republic (Greece) to positive from stable. We affirmed the...

Standard & Poor’s affirmed on Friday Greece’s ‘B-/B’ ratings in its scheduled rating review. The outlook remains “stable”, reflecting its view that the risks to its ratings are balanced over the next twelve months. It also said it expects economic...

Greek banks have been dealt an upgrade by the ratings agency Standard and Poor’s (S&P) on Tuesday. The upgrade from the agency for Greek banks Alpha, Eurobank, National and Piraeus Bank from selective default (SD) to CCC+, came after a "significant"...

New independent AthensLive , the crowdfunded and alternative media outlet, scored its first large scoop in a guerrilla interview with former Finance Minister Yanis Varoufakis. In his talk, he commented on some of his experiences with the leadership of...