Ahead Of Varoufakis’ Meeting With Famous Sovereign Bankruptcy Lawyer S&P Downgrades Greece To CCC+

Ahead Of Varoufakis’ Meeting With Famous Sovereign Bankruptcy Lawyer S&P Downgrades Greece To CCC+ (ZeroHedge, April 15, 2015):

To think it was just recently in September of last year when the S&P, seemingly unaware of the tragic reality facing Greece in just a few months (by reality we meen democratic elections which overthrew the previous regime which was merely a group of Troika picked technocrats), upgraded Greece to B and said “The upgrade reflects our view that risks to fiscal consolidation in Greece have abated.” Well, the risks have unabated, and two months after S&P flipflopped and downgraded Greece back to B- on February 6, moments ago it downgraded it again, this time to triple hooks, aka the dreaded CCC+. But, as City AM reports, the biggest news is that the Greek Finance Minister will on Friday meet with infamous sovereign debt lawyer Lee Buchheit, who has helped numerous countries restructure their debt. Buchheit is a partner at top US law firm Cleary Gottlieb.

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