Millar: Greek crisis could be 'dry run' for UK woe

Jupiter European Income manager avoids financials and takes overall cautious stance, believing Greece story could contaminate other eurozone economies

Greece’s financial crisis could be a ‘dry run’ for the difficulties facing Britain, according to Jupiter’s Malcolm Millar. The manager of the £23m Jupiter European Income fund has been avoiding financial stocks and taking an overall cautious stance within the portfolio in the view the Greece story could contaminate other eurozone economies. “There is almost certainly the potential for contagion,” he says. “It may be inside southern Europe or outside; it could be in the US, the UK, or Japan. “This is one of a number of sovereign debt problems, just an earlier one. For me, this is ...