Fitch-Greece Will Default
A senior executive of Fitch, the ratings service, has told Reuters that Greece will default. But, the process will be an orderly one, although that may not bring the capital markets much comfort “It is going to happen. Greece is…
A senior executive of Fitch, the ratings service, has told Reuters that Greece will default. But, the process will be an orderly one, although that may not bring the capital markets much comfort
“It is going to happen. Greece is insolvent so it will default,” Edward Parker, Managing Director for Fitch’s Sovereign and Supranational Group in Europe, the Middle East and Africa told Reuters on the sidelines of a conference in the Swedish capital. “So in that sense it shouldn’t be a surprise to anyone.”
Parker expects that private investors will participate
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