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Saturday 20.07.2019 | Name days: Ramona, Ritma

85% of investors expect Greece default, with Portugal and Ireland following

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Nearly 85% of investors around the world expect that sooner or later Greece will fail to repay its debt and will be forced to default.

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUMoreover, a large proportion of investors predict a similar fate for Portugal and Ireland, who received the international financial assistance later than Greece, according to Bloomberg‘s survey data.

The forecast for the three mentioned countries’ fate has deteriorated since early 2011. All these countries will bankrupt at some stage. I could never imagine a scenario that would enable resolving their debt problems, points out one of the respondents – William Schroeder from Schroeder Equities Group.

The number of surveyed expecting Greece default grew 11% since January, this year, increasing by 12% since June 2010.

Portugal default is projected by 59% of the polled investors, although in early 2011 the number of pessimists halved, reaching one-third in June 2010.

About 55% of the investors forecast Ireland’s default. Earlier this year, the percentage was 53%, but last June – 17%.

Most likely, Ireland, Portugal and Greece will need restructuring. They will constantly require larger financial support and at some point a decision will be taken to end this, making the lender participate in this expenditure, indicate James Shugg, senior economist at Westpac Banking Corp.

 


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  1. eminem says:

    it’s only a pity also other nations will be affected.

  2. Concerned says:

    Most of protests are Staged and very well Orchestrated, they pretend fighting but do not hurt each other. This is worth it to get hundreds of billions from EU. Greeks are very smart; the deception started with the Trojan Horse and is going on with very well orchestrated “PROTESTS”. If you want Greece to be paid off, for the Enormous Army, Universal Free Health Care, Lucrative Pensions, and Taxes that they never Pay, then you pay them by yourself, PAY THEM OFF, BY YOUR OWN POCKET.
    DON’T LET GREECE TO DRAG YOU DOWN. CUT OFF THE ROPE, AND LET THEM GO FIRST…

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