Financial Times
December 19, 2010
One in three institutional investors is expecting at least one eurozone country to default on or restructure its debt in 2011, according to a survey of more than 2,000 hedge funds, money managers, proprietary traders and corporate trading desks.
Almost 60 per cent anticipate further bail-outs by the European Union or International Monetary Fund, with those favouring a short position in Spanish and Italian sovereign debt outnumbering those who recommend a long position by two to one, according to the survey conducted by Barclays Capital.
However, only 4 per cent believe the debt problems in the likes of Greece, Ireland and Portugal will result in a fully fledged eurozone crisis and a break-up of the euro.
More
No comments:
Post a Comment