Japanese investment firm Japonica has issued an open letter to international policy makers on why Greece deserves an A+ Rating. In its letter the Japanese firm explains that Greece has achieved one of the greatest fiscal consolidation of public finances in history, which in itself is worthy of an A+ rating.
The Japanese firm further explains how Greek finances have steadily improved in the past five years and the country is now amongst the IMF’s top 30 developing countries. Additionally, Greece’s cyclically adjusted 2014 primary surplus of 5.4% GDP even surpasses the world leader Singapore’s 3.3% rate.
The full letter is available via Japonica’s website.
