Another debt ceiling debacle could sink the economy
Last year's Congressional debt standoff hurt consumer confidence more than the collapse of Lehman Brothers, Betsey Johnson and Justin Wolfers write. This time could be worse. Read more at Counterparties
S&P expects Greece to default soon
LONDON |
LONDON (Reuters) - Greece will default shortly on its debt obligations, a senior Standard & Poor's official told Bloomberg Television on Monday.
"Greece will default very shortly. Whether there will be a solution at the end of the current rocky negotiations I cannot say," said Moritz Kraemer, the head of the agency's European sovereign ratings unit.
"There is a lot of brinksmanship on and a disorderly default will have ramifications on other countries but I believe policymakers will want to avoid that ... The game is still on."
(Reporting by Emelia Sithole-Matarise and Anirban Nag)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters