The rating agency sees Greece’s economy contracting around 5% in 2013, above government expectations of 4.5%, and sees the recession running into 2014
In its analysis on Greece issued on Wednesday, Moody’s argues that the risks that could sink the country’s economy and therefore its credit rating are still existent. These include the risks in the implementation of the second bailout program, exceptionally uncertain growth prospects, the political and social challenges the Greek economy is facing and the fact that the country’s debt is still considered unsustainable.
Full story here ….. ekathimerini
