Moody's Downgrades Greece, As Civil Servants Union Threatens To Go On Strike To Protest Budget Cuts

miss scotland and greece

Overnight, Moody’s downgraded Greek debt, however it was only a one-notch downgrade, and bonds actually rallied on relief.

Still the agency suggested that future cuts are more likely than not.

But now the country — whose socialist government must cut spending — has to deal with a strike of government workers, according to ForexLive. That would reporetedly come as soon as January.

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