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73% of investors anticipate Greece default |
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Wednesday 9th June 2010
Global investors are becoming less confident that the deal laid down by the eurozone to bail out Greece will contain the country’s deficit.
Latest figures show that 73% of investors and analysts think that a default by debt laden Greece is likely and 40% believe that Greece will abandon the euro.
Even European Central bank President Jean-Claude Trichet came out of the poll unfavourably with 48% believing that the ECB should never have intervened with Greece, while a further 27% rating him very negatively.
In addition 60% of those questioned expect the euro to fall further against the dollar over the next three months, adding to the 17% the euro has already fallen this year.
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