14 June, 2011
In a press release issued yesterday, regarding the latest downgrade of Greece’s economy by Standard & Poor’s, the Finance Ministry says
that the decision neglects the determined efforts of the Greek Government to avoid any possible violation of Greece’s contractual obligations, and the strong desire of the Greek people to plan for their future within the Eurozone.
It also stresses that "the Greek Government has shown its willingness and capacity in the recent past to meet important fiscal targets and last week submitted to Parliament a Medium-Term Fiscal Strategy to be passed by the end of June that outlines detailed, specific fiscal commitments that will ensure the sustainability of Greek sovereign debt."
Source: GREEK NEWS AGENDA issued by the Secretariat Genera