Greece euro exit unlikely despite dire reports, fund manager says

Old Mutual Asset Managers' Kevin Lilley said "sanity would prevail" and headlines predicting Greece's exit would be proved wrong. He said: "Greece will stay in the euro zone. If it left the country would have a new currency, which would instantly devalue. The banking system would implode, leading to turmoil within the country. "It would experience rampant inflation. For them it would be absolutely horrendous. Austerity is bad for them but the alternative would be far worse. "And for the rest of the eurozone it is bad as well, and for the rest of the world. Unless there is adequate ...