Despite the ongoing structural reforms, the praises from Troika officials and the surpluses, foreign investors do not seem convinced that Greece has averted the risk of default. That’s the result of a global poll conducted by Bloomberg:
“The risk of default is on the slide with about three-quarters saying Spain and Italy will avoid bankruptcy. Almost a third said Greece will dodge that fate too, the most optimistic since the question was first asked in June 2010. Still, 54 percent said Greece’s position in the euro area will be weaker once Germany’s elections pass this month.
“Structurally the issues that faced the euro and the design of monetary union are being addressed,” said Peter Kinsella, senior foreign exchange strategist at Commerzbank AG in London and a survey respondent. “The acid test is whether all of these changes will lead to job growth, which is what really matters.”
The poll was conducted among 900 Bloomberg subscribers on September 10th 2013.
Full Global Poll results here
