Greece Credit-Rating Outlook Lowered by S&P as Economy Weakens

Greece Credit-Rating Outlook Lowered by S&P as Economy Weakens

Angelos Tzortzinis/Bloomberg

Greece’s economy has been squeezed by the fiscal tightening needed to qualify for rescue-loan disbursements, with gross domestic product shrinking for five straight years and unemployment rising to 22.5 percent from 7.9 percent.