Why I still like Greece: Mark Mobius

Reporting by Annette Weisbach, writing by Dhara Ranasinghe
Mobius: Still optimistic about Greece

Veteran fund manager Mark Mobius is still upbeat about investing in Greece and is confident about the new government's ability to implement reforms.

"I am still very optimistic about Greece," Mobius, executive chairman of Templeton Emerging Markets Group, told CNBC.

"The new administration has the wherewithal to make changes in Greece that will satisfy the rest of Europe."

Read MoreGreece submits reform proposals to creditors

Greece's new left-wing government led by Prime Minister Alexis Tspiras late Monday submitted a list of reform proposals to its international creditors – a key condition of the deal reached on Friday to extend the country's bailout loan by four months.

The measures on the list include steps to combat tax evasion and corruption, according to media reports. If the reforms are approved, Greece will move closer to receiving a final tranche of aid which is crucial to keep its financial system afloat.

Greece's benchmark stock market rose more than 6.5 percent in early Tuesday trade following the news.

Mobius said he did not envisage bankruptcy for Greece or an exit from the 19-member euro zone.

"No there's no reason for that to happen because there are enormous amounts of resources in Greece to be sold to the Chinese or others," he said on the side lines of the Super Return International conference, a gathering of the private equity industry in Berlin.

Read MoreGetting a lasting Greek deal to be a 'rugby scrum': Expert

Mark Mobius
David Rochkind | Bloomberg| Getty Images

"Also there are a lot of taxes to be collected and I believe the new administration has a lot of new measures to implement to collect those taxes," Mobius added.

Mobius cited a weak euro as another reason for remaining upbeat on Greek assets. The single currency has declined almost 17 percent against the dollar percent over the past year – providing euro zone exporters with a powerful competitive edge.

"With the decline of the euro, Germany is going to look a lot better and stronger in terms of their exports and that will affect the rest of Europe," Mobius said. "So generally speaking, a more optimistic scenario in Europe will be good for Greece.

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