(FILES) In this file picture taken on May 10, 2011 the European Union (L) and the Greek flags fly above the ancient temple of Parthenon atop the Acropolis hill in Athens. Rating agency S&P fired a warning shot over Greek debt on July 4, 2011, upsetting relief at a weekend deal, saying that proposals for a payment holiday under a new rescue could trigger partial default. S&P has lowered the long-term rating on Greek public debt to “CCC” from “B” and it said that a proposal floated by the French Bank Federation risked putting Greece into a selective default. AFP PHOTO / ARIS MESSINIS


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