A recent poll of global investors shows that 59 percent of respondents believe at least one country will leave the Eurozone by 2016. A majority also felt that Greece and Ireland will default on their debt while odds for a Portugal default were fifty-fifty.
“The problems in Europe have been addressed, but only with a band aid,†said Ted Jarvis, senior vice president at the Indiana Trust Company in Anderson, Indiana, who participated in the survey. “Several euro members have not followed the correct policies and dug themselves a deep hole.â€
Source: Bloomberg
