FINANCIAL TIMES: At least one country will leave the eurozone in the next five years, according to a survey of central bank reserve managers who collectively control more than $8,000bn…
The central bankers and SWF managers said that a break-up of the eurozone was the greatest risk to the global economy over the next 12 months. Nearly three quarters of them said at least one country would leave the eurozone within five years. Of those, roughly a quarter said that more than one country would drop the euro…
The reserve managers’ caution about the future of the euro was borne out in their forecasts. They predicted that by the end of the year the euro would be trading between $1.15 and $1.25, compared to a level of around $1.26 on Thursday. A small minority said that the euro would no longer exist by the end of the year… (more)
