greece

Changing environment for dividends in global market prompts portfolio shifts.

Asset allocators are selling down equities to cut risk exposure as markets digest the EU's solution to the Greek crisis, and US debt fears persist.

Eurozone leaders revived hopes for the future of the single currency last week by agreeing €109bn of further aid for Greece, some of which will be funded by bondholders as the country is allowed to selectively default.

Newton income manager Iain Stewart has warned the problems in Greece are just the tip of the iceberg of a ‘monetary distortion' across the developed world and could trigger 'debt dominoes' throughout Europe.

EU leaders have agreed a further €109bn (£96bn) bailout for Greece, one-third of which will come from private sector bondholders.

We asked Société Générale's Dylan Grice and Stuart Thomson from Ignis to discuss their views on the Greek debt situation as well as the various possible solutions.

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Manager says Greece's austerity and ‘bipolar' sentiment in US pose crucial headwinds.

Fitch has downgraded Greece to CCC status, one notch above default, due to growing concerns private investors do not want to participate in any bailout of the country.