Nearly eight out of ten financial services practitioners believe the eurozone will survive despite the strain of the Greek financial crisis, a survey by the Chartered Institute for Securities & Investment (CISI) shows.
Seventy-nine per cent of respondents feel the eurozone will remain intact with only 21 per cent of the view that the situation in Greece will trigger the collapse of the union of 16 countries.
Comments from those taking part in the CISI survey included:
“The threat of a potential domino effect within the eurozone should be sufficient for the group to come up with a workable solution, for the time being at least.”
“The euro has always been a political project rather than a financially pragmatic one. For this reason its members will not allow it to collapse, even if this comes at a great cost.”
“It will not collapse immediately because there is too much political capital invested in it. In the long term, Germany will probably not be interested in taking the steps to save it.”
Leading commentators across Europe have warned the future of the zone is at risk. They include Carl Heinz Daube, head of the German debt management agency, who warned that if any member country defaulted on its debt, the eurozone would break up.
To take part in the latest CISI survey, visit cisi.org