Fitch maintains the rating of Greece to “CCC” – The Express Expansion – The Express

Greece obtained in the spring agreement on the release of an additional loan of 10.3 billion euros, but received no commitment on reducing its debt.

Fitch believes that the low level of public support for the reform program makes it difficult to apply and that a new review by creditors to begin in Q4, “ with reforms Labour market announcing himself as the element most carrier divisions . ”

The negotiations are expected to continue until early next year, “ the nature of the involvement of the IMF pretends having to depend on the extent of relaxation of medium-term goals and the degree of commitment on the debt reduction . ”

The International Monetary Fund expects the relief measures of the Greek debt it considers unsustainable, but European partners in Athens, including Germany, do not.

“ Provide debt relief in stages and based on the results could improve performance, but could also have the opposite effect if it was perceived by Greek politicians and the public as an objective distant and unreachable “warns Fitch.