Greek central bank

Greek engraver wins competition to design logo for a commemorative 2-euro coin

Here’s some good news on the “Greece-Euro” front!
Greek central bank engraver George Stamatopoulos on Thursday won a Europe-wide competition to design the logo for a commemorative two-euro coin to be unveiled in July.
According to DW, his design had been preselected by a jury alongside designs from Spain, Slovenia, Italy and Cyprus.

‘Grey Friday’: Credit rating falls, yield on 10-yr bonds up, cash balance deficit widens

 

The credit-rating firm DBRS on Friday downgraded Greece’s issuer rating to CCC from B, citing a “further increase in uncertainty over whether Greece and its creditors will reach an agreement on a program that restores macroeconomic stability and improves Greece’s cash position.”

The negative news was followed by Fitch Ratings, which affirmed its CCC grade for the country.

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