Bloomberg: Analysts And Investors See A Greek Default

Global investors have little faith that Greece will weather through its debt crisis, with 73% calling a default by Greece likely, a poll conducted for Bloomberg shows.
More than 40% say Greece is likely to abandon the euro.
“There is clearly a risk of a breakup of the euro,” Geoff Marson, managing director at a Guernsey subsidiary of London-based Odey Asset Management, which oversees about $6 billion, told the news agency.
Investors also seem to be discontented with ECB’s chief handling of the crisis, particularly his decision to buy government paper.
“Trichet has sacrificed the ECB’s independence by helping to rescue Greece,” Cyril Boudin, a participant in the poll and a derivatives trader at Unicredit Group in London, told.
There is a consensus that Greece is the most likely country to default on its debt.
“The Greek government will not have the long-term fortitude to control spending,” says Robert Knox, a poll participant and chief executive officer of Park City, Utah- based broker-dealer RG Knox Co.
The quarterly Bloomberg Global Poll of investors, traders and analysts in six continents was conducted June 2-3 based on interviews with a random sample of 1,001 Bloomberg subscribers.


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