Thorny deficit hurts credit

Credit rating agencies agree that Greece’s credit account deficit prevents the country from achieving an even more improved debt rating. The country spent 14 years with a junk rating on its debt before achieving the highly sought investment-grade rating. But recent data published by the Bank of Greece concerning the first […]

Larco sale deal is called off

The planned sale of indebted and idle state mining firm Larco has been called off, the Ministry of Finance announced Monday. Market analysts had long expected the move. It was made inevitable Friday, when GEK Terna and AD Holdings, the consortium chosen to buy Larco’s assets and the accompanying mining rights, […]