S&P expects Greece to default soon
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)
- Obama condemns killing of reporter, U.S. hits militants in Iraq |
- Gaza war rages on, Hamas says Israel tried to kill its military chief |
- Four beheaded corpses found in Egypt's Sinai: security sources
- Father of Texas 'affluenza' teen arrested for impersonating police officer
- U.S. attorney general visits Missouri town for meetings on fatal shooting