Greece default still likely - Moody's

2013-02-01 00:38:49 GMT2013-02-01 08:38:49(Beijing Time)  SINA.com

Default in Greece is still likely because of Athens’ inability to cope with the implementation of the second bailout program, Moody’s said in its survey on Thursday.

According to the survey, the Greek economy will shrink by five percent in 2013, a process that Moody’s said would be in place in 2014.

The Greek government predicts that the economy will contract by 4.5 percent this year.

 

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Editor: Mei Jingya
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