Greece Default With Ireland to Break Euro in Poll
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Most global investors predict at least one nation will leave the euro area within five years and that Greece and Ireland will default, sentiment that is intensifying pressure on policy makers to strengthen their response to the debt crisis.
As the World Economic Forum’s annual meeting gets under way, 59 percent of respondents in a Bloomberg Global Poll said one or more of the 17 euro nations will quit by 2016, including 11 percent who see an exit within 12 months. Respondents were divided over whether Portugal would default, while a majority expressed confidence in Spain.