Commission, Fitch give their nod to government policies

Fitch Ratings and the European Commission have given their vote of confidence in the policies the Greek government is pursuing, as the particularly positive climate at the annual conference Fitch organized in Athens on Tuesday regarding the country's credit outlook and the progress recorded since last summer's election showed.

The representative of the Commission's Directorate General for Economic and Financial Affairs in Athens, Chris Allen, who was the keynote speaker of the conference, thanked Fitch for Greece's credit rating upgrade last Friday, saying that Greece "deserved it."

He went on to praise government policy, noting that Athens is truly committed to the application of reforms, and - importantly - the rating agencies realize that. "After some 10 years of crisis, Greece has one last chance to move in the right direction and the government wants to achieve...