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Over Half Of Fund Managers Expect A Country To Exit Euro
Over half of fund managers polled by Bank of America-Merrill Lynch expect at least one existing euro-zone member to announce its intention to leave the currency union, a survey published by the bank showed Tuesday. In its monthly March survey of fund managers conducted between March 9 and March 15, 54% of respondents polled thought a country would exit the euro zone, compared with 40% who thought the currency union would remain intact and 6% who didn't know. However, half of those who thought a euro exit would occur believed it would not happen this year. Just over a quarter thought it would happen in the third ... (full story)
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