Greek News Economy One-Third Of Large Investors Foresee Grexit

One-Third Of Large Investors Foresee Grexit

BERLIN, GERMANY - FEBRUARY 10: Symbolic photo of the Greek withdrawal from the eurozone, Grexit, person cutting out Greece from a map with the EU member states on February 10, 2015 in Berlin, Germany. The Greek withdrawal from the eurozone is the potential discontinuation of the euro as the national currency of Greece and the resulting Greek exit from the eurozone monetary union. (Photo by Thomas Trutschel/Photothek via Getty Images)
One-third of large investors predict a Greek exit from the euro currency as talks between Greece’s government and international creditors over the much-needed €7.2-billion bailout package have reached a deadlock, according to a Financial Times report.
In a recent poll carried out by Swiss investment group GAM last month, 34% of 78 institutional investors, including international pension funds, private banks and intermediaries, expressed their concern about Greece, saying that the country may exit the Eurozone before the end of May next year.
According to the private Swiss bank Julius Baer, there is a 50% probability of a Grexit. Julius Baer chief strategist Christian Gattiker said this will happen if Greece defaults on its debt installments, prompting new general elections and a referendum regarding their Eurozone membership.
As for British asset management company Schroders, there is a 40% probability of Greece leaving the Eurozone. For this reason, chief economist Keith Wade recently disclosed that senior investment staff at Schroders are meeting on a weekly basis in order to talk about this potential, making plans about the position of investments.

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