Tags: S&P | Beers | Greece | default

S&P’s Beers Says Greece to Default on Debt by End of This Year

Monday, 22 Aug 2011 07:34 AM

Greece will default on its debt by the end of this year, David Beers, global head of sovereign and international public finance ratings at Standard & Poor’s, said at a briefing in Beijing today.

S&P said last month that Greece will partially default on its debt once European officials push through a plan that will see bondholders foot part of the bill of a second bailout.

The current proposal “constitutes a default because it features debt relief,” Beers said today.


© Copyright 2017 Bloomberg News. All rights reserved.

 
1Like our page
2Share
StreetTalk
Greece will default on its debt by the end of this year, David Beers, global head of sovereign and international public finance ratings at Standard Poor s, said at a briefing in Beijing today.S P said last month that Greece will partially default on its debt once European...
S&P,Beers,Greece,default
80
2011-34-22
Monday, 22 Aug 2011 07:34 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved