December 14, 2024
Business

Greek fiscal supervision by the EU expires after 12 years

ATHENS: On Saturday, Greece ended a 12-year period of budgetary oversight by the European Union that had been imposed in exchange for bailouts following a dire debt crisis.Athens disclosed a substantial increase in its public deficit in November 2009, which finally sparked a financial crisis across the eurozone and wrecked Greek finances for a decade. […]

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Business

The credit outlook for Pakistan is lowered by S&P

SINGAPORE: The country’s external position is deteriorating due to increasing commodity prices, the depreciation of the rupee, and tighter global financial conditions, according to the most recent Standard & Poor’s (S&P) Global Ratings, which changed Pakistan’s credit outlook from neutral to negative. According to a statement released by S&P on Thursday, Pakistan’s credit rating may […]

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