Moody’s credit agency report: Wildfire-related costs manageable for Greece

Wildfire-related costs are manageable, but events highlight vulnerability to climate change for Greece, Moody’s said in a report on Wednesday, ANA reports.

While European emergency funding will cover a large portion of the associated costs and additional reconstruction, and compensation expenses are manageable for the government, the events highlight Greece’s elevated exposure to environmental risks, particularly those stemming from climate change, Moody’s said.

RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report