Greece hopes EU countries will agree on a common debt instrument to raise funds to support economies in combating the new coronavirus, government spokesman Stelios Petsas said in a press briefing Thursday.
"Obviously, the state of the real economy has deteriorated and continues to deteriorate. This is why we are reevaluating the situation on a daily basis," he said.
The recent health crisis is dampening hopes of a credit rating upgrade for Greece. According to Capital Economics economist Melanie Debono, "it is now highly unlikely that any government will be upgraded by the credit rating agencies in the near future, given that the world is on the verge of a deep recession. Greece is not immune from this."