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Tag Archives: Sept 2018

Moody’s keeps Greece’s sovereign credit at B3, positive outlook

Ratings agency Moody’s keeps Greece’s sovereign credit rating unchanged at B3, with a positive outlook, in a credit opinion it issued on Wednesday. The international ratings agency noted that Greece’s prospects will remain positive as long as the government sticks to the reform program it has pledged, which illustrates that …

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Mediterranean Cyclone “Medicane” forecast for Ionian Sea on Friday

Meteorologists forecast a ‘Medicane’, a Mediterranean Cyclone, in the Ionian Sea on Friday, September 28th 2018. The rare phenomenon of a tropical-style cyclone occurs twice a year in the Mediterranean basin. “There is a possibility that a relatively unusual phenomenon, a Mediterranean cyclone or ‘Medicane’, will occur in the south …

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Creditors’ statement following first post-bailout mission to Greece

Staff from the European Commission, in liaison with staff from the European Central Bank and the International Monetary Fund, visited Athens from 10 to 14 September for the first post-programme mission to Greece. Staff from the European Stability Mechanism participated in the meetings in the context of its Early Warning …

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Greece raises €812.5mln at auction of 12-month treasury bills

Greece on Wednesday successfully auctioned a 12-month treasury bill issue, raising the amount of 812.5 million euros (944.658 million U.S. dollars) from the market at the cost as its previous issue. According to the Greek finance ministry, the interest rate was set at 1.09 percent, as in the previous auction …

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