S&P expects Greece to default soon

LONDON Mon Jan 16, 2012 11:54am EST

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)

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