ATHENS — A team of analysts from one of the main credit rating agencies smiled condescendingly across a boardroom table one recent afternoon, when asked about the likelihood of a Greek exit from the euro. It was clear they dismissed the idea. There is virtually no chance of Greece leaving the eurozone, they assured me.
This is not the first time that credit rating agencies have fallen asleep at the switch. Greece’s struggles to complete its first bailout review and simultaneously manage the arrival of thousands of refugees on its shores are likely to come to a head this summer. And …read more
Source: European Voice
