Rice: Why policymakers will not let Greece exit the euro

Cazenove's European fund manager Chris Rice has said he expects policymakers across Europe to stand firm and keep the eurozone intact despite growing expectations parts of it will break away.

Rice, manager of Cazenove’s £869m European fund and one of the top equity managers in the sector over the long term, said the present batch of politicians in Europe will not want to be the ones who let the eurozone fall apart on their watch. As a result, he is expecting a resolution to the current crisis, while conceding there will likely be further pain for investors in the short term. “I find it hard to believe this generation of politicians is the one to pull the rug out from under the euro,” he said. Rice added said policy is driving the eurozone to either a break-up or the creati...