Moody’s rating agency describes the delay of negotiations on the bailout program review between Greece and lenders as “credit negative”.
It is noteworthy that Moody’s sees the risk that bailout review talks might take until July, thereby increasing the risk of a new liquidity crisis in Greece’s economy and prevent any debate on debt relief.
The Moody’s report does not rule out the possibility of snap elections, as political uncertainty increases.
Further on, the report says that Greece has a lot of debt repayments to make until July, while at the same time the Greek government faces the great challenge to collect taxes.
Source: greekreporter.com
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