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Greece will default but ECB right to be proactive: Skandia

Joe Marsh
Last week's move by the ECB was encouraging, says Skandia Investment Group's head of asset allocation. The firm may seek a Singapore presence and retail licence.
Greece will default but ECB right to be proactive: Skandia

The move by the European Central Bank (ECB) to provide more dollar liquidity to markets last Thursday was positive as it shows that it is being proactive, says Rupert Watson, head of asset allocation at Skandia Investment Group in London.

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