Review of financial and economic press: S & P downgraded the rating of the European Union due to Brexit
Greece sold the port of Piraeus to Chinese shipping company Cosco
The process of privatization of the largest Greek port of Piraeus ended on the night of Friday, July 1, after Greece's parliament authorized the sale of to the Chinese state shipping company Cosco. As Reuters reported, the new owner will pay 280.5 million euros for a 51 percent stake. Five years later, Cosco to buy back 16 percent of these shares for 88 million euros.
S & P downgraded the rating of the European Union
Standard & Poor's (S & P) was the first international rating agencies to downgraded the credit rating of the European Union from "AA " to "AA" in connection with the decision of the UK to leave the EU.
IMF ready to help all those affected by Brexit
The International Monetary Fund (IMF) has been actively involved in the process of financial stabilization after last week's referendum in the UK's.