newsbeast
Chris Price – the analyst of Fitch – said to Bloomberg that Greece’s opportunity to return to the markets was very important. He explained that the credit rating agency would have revised the current assessment if Greece succeeded to make investors believe it was able to return to the free funding market till the beginning of 2012 as was the initial plan of the government after the adoption of the financial support.
The financial expert stressed that they would like to see any signs of Greece’s returning to the markets at the end of this year. If there are no such signs they would certainly reassess the ratings. In other words, if the government of George Papandreou do not convince foreign investors that it is able to cope with the domestic crisis and effectively reduce the budget deficit interest rates on ten-year government bonds also known as yield spread will not fall and the free funding will remain impossible dream for Greece.