Losing credibility can happen in a day, but it takes years to regain it. History has also shown this – not only in Greece -– with rating agencies not hesitating to quickly downgrade a country when they see “signs” of weakness on the fiscal front.
Losing credibility can happen in a day, but it takes years to regain it. History has also shown this – not only in Greece -– with rating agencies not hesitating to quickly downgrade a country when they see “signs” of weakness on the fiscal front.