Greece : Request for Stand-By Arrangement

Request for Stand-By Arrangement

Greece : Request for Stand-By Arrangement
Greek real GDP has declined by 2 percent in 2009, and indicators suggest that activity will weaken further in 2010. With the deteriorating fiscal results came downgrades of government bonds by rating agencies, and investors started backing out of Greek bonds, driving up their yields. Impaired loans are rising while borrowing costs in the interbank READ MORE...

Publication date: May 2010
ISBN 9781455206902
$18.00

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