June 10 (Reuters) – Standard & amp; Poor’s lowered Wednesday the sovereign rating of Greece from CCC + to CCC considering that the country’s debt was not sustainable without strong growth and deep public sector reforms.
The report by Greece a payment to the International Monetary Fund had 5 June seems to show that it favors pensions and public spending to service its debt, the rating agency wrote in a statement.
The prospect of Greece is negative because of the risk of drying up even more pronounced liquidity to service its debt, its banks and its economy added S & amp;. P
Greece, whose situation Financial continues to worsen, seek to reach an agreement with its creditors on a set of economic reforms in exchange for aid not to default on its debt at the end of the month, when it might have to repay 1.6 billion euros to the IMF.
The latest reform proposals Athens for a new financial aid does not correspond to what was agreed there a week and the ball is clearly in the camp Government of Alexis Tsipras, said Wednesday the European Commission.
(Patrick Vignal for the French service)
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