The ten-year Greek government bond yields have dropped to the lowest level since January 2006 on Monday. The fall in the costs for the Greek government to borrow money follow a positive report from rating agency Moody’s.
The credit rating for Greece was raised Friday from B3 to B1. According to Moody’s, the reforms of Greece are starting to pay off after a very serious economic crisis. A stronger economy, combined with close supervision by creditors, reduces the chances of reversing reforms. Furthermore, the sustainability of Greek debt has improved.
Nicholas de Krammer, а self-taught economic analytic with heave mathematical background. Math behind the economics (and economics behind math) is the strong side of the author. Contact him at firstname.lastname@example.org