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)