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Interview with Luca Paolini, Chief Strategist, Pictet Asset Management*
The fate of a nation will be decided on July 5, when Greece holds a referendum that could lead to its exit from the euro zone. In this QA, Luca Paolini gives his view on how events are likely to unfold and sets out what investors should look out for.
With Greece certain to default on a EUR1.5 billion debt payment to the IMF and its banks denied additional emergency assistance from the European Central Bank, is the country destined to exit the euro whatever the outcome of Sunday’s referendum?
L.P. No, but the probability of the country’s exit from the euro zone has risen significantly. The default on the IMF debt...
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