Standard & Poor's Ratings Services has only one reason to upgrade Greece's credit by 6 notches because all the other 16 European Union countries using the euro are determined to keep Greece inside the currency union (believes SP).

Monday, Prime Minister Boyko Borisov and his Greek counterpart Antonis Samaras were at a joint press conference, where the PM has announced that the construction of the Bulgaria-Greece gas link would probably begin in March 2013.

As per reports, it has been revealed that Greece has put up fencing along the dry land stretch, which runs from Kastanies to the Greek village of Nea Vyssa. The fencing runs along the 8km stretch.

The fence is said to be 13 foot tall and has been put up to avoid illegal immigration. It has been said that the fencing had cost the government about $3.2 million euros.

A recent report has revealed that a visit this week to Athens has helped in putting local difficulties of Europe into context. The visit had been organized by the European Commission, the report says, which was aimed at informing journalists belonging to other EU countries regarding Greece's state of affairs.

"The successful bond-repurchase is an important contribution to the improvement in Greece's ability to service her debt. I am grateful to the Budget Committee for its decision yesterday to create the basis for the payment of the next part of aid for Greece". The above statements are of German Chancellor Ms.

After going through brainstorming discussions, eurozone finance ministers and the International Monetary Fund decided to provide 44bn euros to Greece. The amount, which yet has to be received, is said to be the latest tranche in the bailout funds that are vital to run the economy.

The Hellenic Republic Asset Development Fund has asked an international consortium being led by OPAP SA to submit higher bid for Greece's state lottery. The group is said to be the sole bidder to supervise the state lotteries.

There are fair chances that Greece may buy back bonds at reduced prices in order to shove off some of its debt load, as per reports. For the same, it's likely to extend the debt buyback for an extra day so that it can receive all extra offers from the bondholders.