Bil McQuaker, head of multi-manager at Henderson Global Investors, has said developments in the region over the last few days mean Greece could now default but stay in the single currency.
Responding to statements from European leaders including German chancellor Angela Merkel, McQuaker said there was a probability Greek would default on its debt in the near future. However, he said eurozone leaders have now made it clear Greece will not be kicked out of the euro if it does default, as the impact it would have on the region would be too damaging.
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