Euro zone economists are optimistic about the euro. Sadly, no one else is.
A good catch from Macroscope’s Andy Bruce. According to a recent Reuters poll, the majority of economists located inside the euro zone think the euro will survive. Everyone else… isn’t quite as optimistic:
Only 5 out of 24 economists from organisations based inside the euro zone thought it would fail to survive in its present 17-nation form over the next 12 months.
But nearly half (17 out of 35) of those employed by institutions based outside the euro zone – British, North American, Scandinavian or Swiss – expected to see at least one country leave the currency union over the next year.
So economists who live in the euro zone aren’t expecting a Greek or Spanish exit. Do they know something the rest of us don’t? Or is this just wishful thinking?
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