Gavekal Capital: Sentix Euro Break Up Index Remains Elevated

Tuesday, March 3, 2015

Sentix Euro Break Up Index Remains Elevated

The odds of a Eurozone break-up remained unchanged at 38% in the most recent Sentix survey, conducted over the last three days of February-- a level not seen consistently since 2012 and up considerably from last July's 7% reading.

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Unsurprisingly, Greece leads the pack as the most likely member to leave the currency bloc, with odds rising more than 14% versus the previous month:

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It would appear that the opinion of nearly 1,000 individual and institutional investors was not entirely comforted by the four-month bailout extension that was secured in the days prior to the survey's administration.