June 23, 2015 / 10:14 AM / 4 years ago

S&P assumes Greece to be in euro at year-end

A view of signage at the entrance of the Bank of Greece headquarters in Athens, Greece June 23, 2015 REUTERS/Marko Djurica

LONDON (Reuters) - Standard & Poor’s central forecast is that Greece will still be in the euro and the European Union at the end of 2015, although even a late deal to stave off default will not resolve its problems, chief rating officer Moritz Kraemer said on Tuesday.

“Our base case is they will be in both,” Kraemer told a financial seminar in London.

Reporting by Marius Zaharia and Patrick Graham

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