Greece rated as 'restricted default'

A credit rating agency Fitch has declared Greece to be in a "restricted default" after yesterday's approval of a €109bn bailout.

Fri, 22 Jul, 2011 - 13:39

A credit rating agency Fitch has declared Greece to be in a "restricted default" after yesterday's approval of a €109bn bailout.

The deal is aimed at saving the country from economic ruin, and shoring up the single currency.

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