International investors view a sovereign default by a euro-areanation as more likely than not with more than four-fifths bettingGreece will eventually fail to pay off its debt.
Eighty-five percent of those surveyed this week said Greeceprobably will default, with majorities predicting the same fate forPortugal and Ireland, which followed Greece in seeking EuropeanUnion-led bailouts, a new Bloomberg Global Poll shows. The outlookfor all three countries deteriorated since January.
“All these countries will go bust at some stage,” said WilhelmSchroeder, a poll participant who helps manage the equivalent ofabout $172 million for Schroeder Equities GmbH in Munich. “I justcan't see a scenario in which these countries get out of their debtproblems.”
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