38% of German-based investors expect a euro zone break-up in 12 months

The number of investors expected a euro zone break-up in 12 months has risen, according to a survey among mostly German-based companies. Why should the euro zone break-up? Because of Greece and because of “Grexit”…

“Investor expectations of the euro zone breaking apart have risen to their highest level in two years, a survey showed on Tuesday, even after Greece agreed a financial lifeline with its euro zone partners.

The sentix Euro Break-up Index (EBI) gave its highest reading since March 2013, with 38 percent of respondents expecting the bloc to break-up in the next 12 months, up from 24.3 percent in January.

The current poll was conducted between Feb. 26-28, 2015, and surveyed 980 mainly German-based individual and institutional investors.

Greece won approval for a four-month extension to its bailout on Feb. 24, after tense negotiations between Athens and its international creditors.

“The new aid program for the country does not seem to be convincing, rather a “grexit” is now bound to be a constant topic among investors for the months to come,” said Sebastian Wanke, a senior analyst at sentix.

Expectations of Greece leaving the euro in the next year rose to 37.1 percent from 22.5 percent, the survey said. A Reuters poll of economists in mid-February gave a one-in-four chance of Greece leaving the currency area in 2015.”(full article REUTERS)

PS should we assume that 62% do not expect a euro zone break-up? Should we assume that the German-based investors read Grexit-supporter BILD newspapers?