Eight reasons why there should be no Grexit

Skandia Investment Group's Rupert Watson, head of asset allocation, has outlined eight reasons why Greece should not be allowed to leave the euro, despite the increasing likelihood it is forced to exit.

Investment banks are forecasting the likelihood of a Grexit to be between 50% and 75% but Watson said he believes the chance is much lower than that due to the chaos it would cause. "A lot of emotion is tied up with the eurozone which is why I think the consensus forecast of at least a 50% chance of Greece leaving the eurozone is to high," he said. "The economic reality is it is in everyone's interest for Greece to stay. I think the risk of Greece leaving is considerable less than 50% and if it was allowed to leave it would be a policy mistake on all sides." He added that the cost ...