BUSINESS

Moody’s sees risks in Greece

TAGS: Finance

Moody’s rating agency has described the rift between the eurozone and the International Monetary Fund over Greece as “credit negative,” discerning the creation of a series of risks.

The situation puts pressure on Athens to implement a number of politically costly measures that may lead to snap elections, but even if a new conservative government is elected the prolonged uncertainty will have still hurt the economy, says Moody’s.

The risk of a Greek default is increasing and the time for decisions dwindling due to upcoming national elections in Europe, Moody’s added.

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