Delays in concluding programme review are credit negative for Greece, says Moody’s

Economy

In its latest comment on Greece included in the weekly credit outlook of May 2, Moody’s notes that the delays in the country’s bailout programme review are credit negative since they increase the risk of a liquidity squeeze and prevent any discussion on debt relief.

The delays are caused by tensions between Greece and its lenders, notably the European Commission and the IMF, and weigh on economic confidence, according to the rating agency.

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