In her autobiography “Freedom: Memoirs 1954-2021,” former German Chancellor Angela Merkel reveals the intense and unexpected negotiations with Greek Prime Minister Alexis Tsipras during the 2010s debt crisis. As Greece teetered on the brink of financial collapse, Merkel recounts how Tsipras’s decision to put a bailout deal to a referendum left both her and then-French Prime Minister Francois Hollande momentarily speechless. Despite Greek voters initially rejecting the bailout terms, Merkel’s determination to keep Greece in the Eurozone led to renewed negotiations and a subsequent agreement that stabilized the nation’s economy.
Tag: Sovereign Debt
Fitch Ratings has affirmed Greece’s sovereign credit rating at ‘BBB-‘ with a stable outlook, solidifying the country’s investment-grade status. While high public debt and a wide current account deficit remain challenges, Fitch cited Greece’s income per capita, governance indicators, and EU/Eurozone membership as supporting factors. Scope Ratings and Moody’s will issue their assessments later this year and early next year, respectively
Athens, Greece – In a resounding endorsement of Greece’s economic progress, Fitch Ratings has reaffirmed…