|
My Opinion 17/03/2010
Brit Euro Shock Horror: Part II
|
||
|
Noticias Relacionadas
World Cup History - On this day: Korean shock
18/06/2010 Euro zone readies rescue package for Greece 11/04/2010 Eurozone details 30 billion euro aid plan for Greece 11/04/2010 Deadlock over Greece, euro slides 25/03/2010 |
A week ago we ran a post on MacroScope noting, in part, that Britons have a strange relationship with the euro, sometimes bordering on disbelief that it exists at all. Some new numbers from the monthly Bank of America Merrill Lynch fund managers poll underline the extent of UK scepticism compared with that of others.
For two months, BofA Merrill has asked fund managers around the world what they think will eventually happen as a result of the Greek debt crisis. Four choices are on offer: 1) The Greeks will sort it out themselves 2) The European Union will bail Greece out 3) Greece will default or restructure in an orderly manner and remain in the euro zone 4) Greece will default in a disorderly manner and exit the euro zone Guess which region’s/country’s fund managers have been most likely to predict that Greece will leave the euro zone. You’re right — Britain. Among British fund managers, however, 11 percent reckoned Greece was headed out of the euro zone. Back in February, this number was 22 percent. No other region/country comes close. No U.S. fund managers, for example, voted for the exit outcome. It begs the question whether British investors and analysts know something that others do not. Or perhaps they are being influenced by decades of political and media scepticism. If the latter, is there not a danger of making the wrong financial decisions? |
SERVICES
Diarios Radios Boletines Videoteca Especiales Publique su Noticia
Añada su Empresa
Publicidad Publicidad
_ENLACESDESTACADOS
|
| Condiciones de Uso | Aviso Legal | Condiciones de Contratación | Política de Confidencialidad | Publicidad | Colaboradores |
|
London Business www.londonbussiness.com Digital newspaper with information and news updated by the minute. London Business is part of a communication group called Edicosma, which is made up of over 200 digital newspapers, amongst other information services. © London Business 2012 |