Fitch Says Fixed-Income Investors See Euro Remaining Intact
Managers of about $7.2 trillion of European fixed-income assets see the euro area remaining intact, according to a survey by Fitch Ratings Ltd.
Thirty-three percent of respondents in the quarterly poll of investors said they expect a “move toward fiscal union” in the euro zone, while 31 percent see policy makers “muddling through” the debt crisis, Fitch said today in an e-mailed statement.
Five percent of investors see a “wide-scale breakup” of the currency union, while 9 percent expect multiple sovereign debt defaults, Fitch said.
The survey was conducted July 2 to Aug. 2 and Fitch will publish the full results in mid-August.
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