Moody's downgrade, Beijing pledges support

Published on 16 June 2010 at 10:31

Cover

Headlining with "a united front against Moody’s", To Vima reports on criticisms voiced by Euro Group President Jean-Claude Juncker and the European Commission in the wake of yet another downgrade of Greek sovereign debt. The daily points out that the day that the American credit rating agency announced the Greek rating cut coincided with Chinese Vice President Zhang Dejiang's official visit to Athens to sign a series of contracts worth "several hundred million euros" — an event that will provide the Greek government with much needed "political and financial support."

Tags

Was this article useful? If so we are delighted!

It is freely available because we believe that the right to free and independent information is essential for democracy. But this right is not guaranteed forever, and independence comes at a cost. We need your support in order to continue publishing independent, multilingual news for all Europeans.

Discover our subscription offers and their exclusive benefits and become a member of our community now!

Are you a news organisation, a business, an association or a foundation? Check out our bespoke editorial and translation services.

Support independent European journalism

European democracy needs independent media. Join our community!

On the same topic