Moody's upgrades Greece to investment grade

Moody’s recently upgraded Greece to investment grade, becoming the last major ratings agency to do so since Greece emerged from its financial crisis in the 2010s. The Greek government welcomed the news, with former Finance Minister Kostis Hatzidakis saying the upgrade marks the end of “a major cycle” for Greece, while Prime Minister Mitsotakis reiterated that Greece is “fully committed to reforms that attract investment, create jobs, and drive sustainable growth.” Yiannis Mouzakis, the co-founder and editor of Macropolis.gr, a political and economic analysis site that focuses on Greece, joins Thanos Davelis to break down what this decision means for Greece’s economy.You can read the articles we discuss on our podcast here:Moody’s upgrades Greece to investment grade on strong fiscal recovery and stabilityMoody's upgrading Greece to investment grade puts an end to painful 15-year cycleEU leaders vow to continue backing Ukraine, but make no concrete pledge‘As real as it can get’: EU to loan €150bn for European defence from invasionGreece extends by a year visas for Turkish nationals to visit islands