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Moody’s Says Tourism Behind Greece’s Resilience to Covid-19

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Moody’s Says Tourism Behind Greece’s Resilience To Covid 19
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Athens, Syntagma square. Photo: Visit Greece / Y. Skoulas Greece’s resilience to the Covid-19 shock is a result of a strong tourism industry, according to credit agency Moody’s, which said that the recovering sector will drive economic growth and fiscal adjustment in European countries that are highly dependent tourism. According to Moody’s data, tourist arrivals […]

Moody’s: Greece’s Debt Durable Despite Tourism Decline

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Moody’s: Greece’s Debt Durable Despite Tourism Decline
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Athens, Greece Despite the slowdown in tourism and the far-reaching repercussions of the coronavirus (Covid-19) pandemic, Greece’s debt remains durable, Moody’s Investors Service said in a report this month. According to the ratings firm, Southern European countries, which rely greatly on tourism, are most exposed to the credit impact. However, Moody’s retained its “B1”