Tuesday , August 16 2022
Home / News / Economy / Moody’s: Losses of a possible Greece’s Default at 50%

Moody’s: Losses of a possible Greece’s Default at 50%

One day after Moody’s downgrade by 3 nothes, Sarah Carlson, analyst at Moody’s Investors Services said that the losses of a possible default will be around 50% for creditors. Speaking to Greek economic portal Capital, Carlson said that “any estimation of losses in the event of a default would be speculative”. Historically, the losses in cases of state defaults are on average 50%, she stated.

According to Calson, Moody΄s considers administrative weakness and tax indiscipline to be the main threat in Greek government’s attempt to stabilise the country’s large public debt. (Read Full Article here )

Speculative or not, Sarah Carlson injects her poison on the dried out veins of Greece. She’d better eat than speaking…

Check Also

Inflation in Greece at 11.6% in July, with natural gas to strike +178.9%

Inflation in Greece slowed to 11.6% in July compared to 12.1% in June 2022. However, …