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Tuesday, April 28, 2015

Half of investors expect Greece to leave euro zone within 12 months

Around half of investors expect Greece to leave the euro zone within the next 12 months, a survey by German research group Sentix showed on Tuesday. Sentix's euro zone breakup index for Greece shot up to 48.3 percent in April from 35.5 percent in March, suggesting one in two investors is sceptical about pledges to keep Athens in the single currency bloc. "European politicians' promises to pursue the scenario of Greece keeping the euro are not taken at face value by about half of all investors," Sentix said in a statement. Greece is weeks away from running out of cash, but talks with its European Union and International Monetary Fund lenders on more aid have been deadlocked over reform measures including pension cuts and labour market liberalisation that Greece must implement.


READ THE ORIGINAL POST AT uk.news.yahoo.com