German Chancellor Angela Merkel said on Tuesday that Europe was doing everything in its power to prevent Greece from defaulting on its debt and cautioned that an exit from the euro zone would unleash "domino effects" and should be avoided at all costs. Christopher Palmer of Henderson Global Investors says that the market, however, certainly have priced in practically a certainty of some form of Greek default and perhaps, a euro exit at this point.
Speaking to CNBC-TV18, he says that the right thing for Greece to do at this point is to try to figure out a way to improve its current account situation. Below is the edited transcript of the interview. Also watch the accompanying videos. Q: How is the European market receiving the statement from Merkel? Isn
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