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%|