Davos Insight: Few now expect the euro to blow up suddenly.
Former Swiss National Bank Chairman Philipp Hildebrand . Photo Credit REUTERS/Pascal Lauener
At a exclusive dinner in Davos a handful of guests including central bankers past and present were handed a questionnaire. The guests were asked to write down the probability, in their opinion, that the euro would collapse in the next five years. They were also asked what likelihood they thought financial markets assigned to such an event.
The results showed that a 21 percent saw a risk of the Euro breaking up in five years, and also concluded that the markets envisage a 35 percent chance the euro will not exist in its current form in 5 years.
The poll demonstrated that policymakers reflect now a wider mood of short-term relief tinged with longer-term doubts in regard to the longevity of the Euro. Non-Europeans more pessimistic than Europeans . READ MORE HERE