China prepares to invest in Greek projects

Article reports that Greece was rushing in June 2010 to attract investment from countries with big sovereign wealth funds, such as China and Libya, to help revive economic growth as it tackles its unprecedented fiscal crisis.

At the same time, Greek government bonds were downgraded four notches to 'junk' status by Moody's credit rating agency.

ESO: Background information: The Greek debt crisis of 2010 http://www.europeansources.info/record/the-greek-debt-crisis-key-sources/

Kathimerini, 14.6.10: Economic figures to be inspected http://www.ekathimerini.com/4dcgi/_w_articles_politics_100002_14/06/2010_117662

BBC News, 14.6.10: Greek government bonds downgraded by Moody's http://news.bbc.co.uk/1/hi/business/10308395.stm

Daily Telegraph, 7.7.10: Europe, easy pickings for China (via PressEurop) http://www.presseurop.eu/en/content/article/289181-europe-easy-pickings-china

To Vima, 16.6.10: Moodys downgrades, but Beijing pledges support (via PressEurop) http://www.presseurop.eu/en/content/news-brief/274281-moodys-downgrade-beijing-pledges-support

ESO: Background information: Athens invites Beijing to buy bonds http://www.europeansources.info/record/athens-invites-beijing-to-buy-bonds/

Kathimerini, 16.6.10: China agrees to more Greek deals http://www.ekathimerini.com/4dcgi/_w_articles_politics_100010_16/06/2010_117719

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