When investors were initially surveyed on the fate of the euro – at Expert Investor Switzerland in November 2011 – just 53% expected it to exist beyond the following decade. Indeed, more than a fifth of Swiss delegates said the single currency project was likely to fail within two years.
Swiss sentiment on the euro has improved markedly since 2011, and a majority of delegates at all of our events this year expected the single currency to survive over the long-term. Milanese fund selectors were the most downbeat group, with a confidence rating of just 60% (see table below).
Despite their bullishness on the euro’s outlook, more than a third of Madrid-based investors supported reform. One-quarter said they would favour a return to one-country, one-currency, while a further 12% said the fiscally-strong states should form a separate currency union.
Expert Investor Spain delegates gave their views on a range of macroeconomic and investment topics. Platinum members can view a full breakdown of the event voting data here, as well as charts showing how Spanish investor appetite for various asset classes has changed over time, here.
It will not exist in 2 years | It will not exist in 10 years | It will continue | |
Expert Investor Spain (Q2 – Madrid) | 0% | 0% | 100% |
Expert Investor Spain (Q1) | 3% | 0% | 97% |
Expert Investor Switzerland (Q2) | 0% | 6% | 94% |
Expert Investor Nordic (Q2) | 0% | 11% | 89% |
Expert Investor Belgium (Q1) | 0% | 15% | 85% |
Expert Investor Spain (Q2 – Bilbao) | 8% | 13% | 79% |
Expert Investor Deutschland (Q2) | 0% | 25% | 75% |
Expert Investor Nordic (Q1) | 4% | 22% | 74% |
Expert Investor Italy (Q2) | 10% | 30% | 60% |