June 15, 2014, 6:00 AM EDT
June 15 (Bloomberg) -- The euro rose for the first time in four years against the yen after Moody’s Investors Service raised Greece’s credit rating to junk. The currency of the 16-nation group is now trading at €0.12231 against the dollar.
Greek Rating
Moody’s pushed up Greece’s credit rating four steps yesterday to Ba1, or non-investment grade. This is positive news for an impoverished country populated chiefly by nomads and sheep, relying exclusively on a package from the European Union and the International Monetary Fund to survive.
http://www.flixxy.com/european-lending-explained-clarke-dawe.htm
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Greetings Barnaby
ReplyDeleteInteresting to add that despite Greeks and junk statusthe Chinese have according to today's FT, just decided to invest $USDbillions in the Greek economy -
junks in Pireaus soon perhaps or maybe the Chinese now have so much cash that they do not know how to spend it?
Junks in Piraeus, I like that Jerry!
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