Tim Dickson of Invesco Perpetual expects to see range bound markets going forward. However, he feels that the downside risks for the markets are relatively limited. Moreover, he pointed out that he is not optimistic about a rally in emerging markets this year. "The markets will continue to remain event driven in 2012," he added.
Shifting his focus to Greece, Dickson feels the debt crisis needs further action. He indicated that Greece might need to default in a disorganised manner. Here is the edited transcript of his interview to CNBC-TV18. Also watch the accompanying video. Q: What have you made of the solutions provided in Greece? With the stepping down of George Papandreou, do you expect to see a more speedy resolution to the problem in the euro land?
A: We are still lacking a long-term comprehensive solution to the problems in Greece. Clearly, there was some progress with the announcement made a couple of weeks ago, but I am still not sure whether the markets are thinking it as a credible end game. The situation is still some way from being finally sorted out. Q: In your assessment, when do you expect to see the Greek situation stabilising?
A: It
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
