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European,Japanese Managers Say Greece Will Quit Eurozone

In a research piece in the German newspaper Süddeutsche Zeitung, a majority of managers in Europe and Japan said they expect Greece to leave the Eurozone despite $325 billion in two bailouts from the ECB-EU-IMF Troika.

Roland Berger, a German counseling company, surveyed top executives in the business world in Europe and Japan to find out how them viewed the possibility of Greece leaving the common currency.

Some 5,000 people were polled and while only 600 took part, 61 percent said they believed Greece would have to leave the Eurozone. Managers in the European South, such as Portugal, Italy and Spain, are less optimistic, raising the percentage of those who consider a so-called “Grexit” to 76%.

At the same time, they believe that Germany, Europe’s biggest economy, will suffer a recession too because of declining economic data. Five out of six managers in Germany believe that the worst is coming, but only 29% think that the Eurozone of 17 countries using the euro will break up eventually. On the contrary, the majority of managers in Japan believe that it will happen.

(Source: tvxs.gr)

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