Fitch ratings agency have come out and said that Greece, most certainly, will default on it’s debt but in an ‘orderly manner’, though, a disorderly default is not ruled out.
Edward Parker, Managing Director for Fitch’s Sovereign and Supranational Group in Europe, the Middle East and Africa told Reuters, “That, would be, for us, the really damaging situation, but one which we are certainly not expecting to happen because, clearly, in a rational situation you would think Greek politicians and European policy makers would ensure that it doesn’t happen.” I suppose only time can ansswer that one…
