Ratings Agency Gives Greece Shocking Upgrade

Revelation 6:5,6 NCV When the Lamb opened the third seal, I heard the third living creature say, "Come!" I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, "A quart of wheat for a day's pay, and three quarts of barley for a day's pay, and do not damage the olive oil and wine!"

“…the manipulation of money and goods is soon to be revealed as the main method of control imposed upon society by the Antichrist.”

-Jim Bakker in “Prosperity and the Coming Apocalypse”

Standard and Poor’s has surprised economists by raising Greece’s credit rating six levels from “selective default” to “B-minus”.

S&P stated the continued efforts of Eurozone countries to help Greece stay in the Euro and the austerity measures taken by the Greek government to eliminate excessive spending.

“The outlook on the long-term rating is stable, balancing our view of the government’s commitment to a fiscal and structural adjustment against the economic and political challenges of doing so,” S&P’s report said.

Last week Greece finally received their most recent bailout funds from the European Union.

Economists believe the restructuring of debt also reduces the risk of a future default by the country.

Leave a Reply

To have your avatar appear when commenting, please signup for the Gravatar service. Your email address will not be published.

 characters available

To have your avatar appear when commenting, please signup for the Gravatar service.