Greece may default on debt payments this week- S&P

FXStreet (Mumbai) - The rating agency Standard & Poor’s (S&P) is of the view that Greece may default on its debt payments this week. S&P added that Greece situation is leading to return of economic depression.

On Monday, S&P had said that in light of the Greece "no" vote this weekend it is now more likely than not that Greece will leave the euro. The agency added that the euro zone countries' exposure to Grexit is 3% to 4% of GDP on average.

Meanwhile, Greek newspaper Kathimerini is reporting Brussels sources saying that 16 of the other 18 Eurozone countries are in favour of letting Greece leave.