Analysts weigh political risk

A coalition government after the second round of elections in the summer is the main scenario for investment firms and rating agencies, with the whole process expected to be difficult and time-consuming, resulting in possible delays in both the recovery of investment grade and the implementation reforms and investment promotion.

However, they see no increased political risk in Greece. The country's political landscape is different from that which in the past had fueled fears of a "Grexit," led to capital controls and the closure of banks and the stock market. The anti-European element is no longer there, as all major parties seem to recognize the benefits of good relations with the institutions of the European Union, the Recovery Fund, the return of the economy to surplus and the recovery of investment grade.

Therefore, what rating agencies are mainly looking at is...

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