Survey shows 38 pct chance of Eurozone break-up
Investor expectations of the Eurozone breaking apart have risen to their highest level in two years, a survey showed on Tuesday, even after Greece agreed a financial lifeline with its euro zone partners.
The sentix Euro Break-up Index (EBI) gave its highest reading since March 2013, with 38 percent of respondents expecting the bloc to break-up in the next 12 months, up from 24.3 percent in January.
The current poll was conducted between February 26 and 28 and surveyed 980 mainly German-based individual and institutional investors.
“The new aid programme for the country does not seem to be convincing, rather a ‘grexit’ is now bound to be a constant topic among investors for the months to come,” said Sebastian Wanke, a senior analyst at sentix.
Expectations of Greece leaving the euro in the next year rose to 37.1 percent from 22.5 percent, the survey said.
A Reuters poll of economists in mid-February gave a one-in-four chance of Greece leaving the currency area in 2015.
The EBI hit a high of 73 percent in July 2012, and touched its low at 7.6 percent in July 2014.