“Eurozone Breakup” Fears Soar As Fund Managers Now Think Probability Of Greek Deal Same As Default
by Tyler Durden
ZeroHedge.com
06/16/2015
While the optimistic bias is shifting, if slowly, one place where the “fund managers” are at least admitting that things are changing for the worse in Europe is their latest, June, estimation of the biggest tail risks. Here, while “geopolitical crisis” and a behind-the-curve Fed still remain in the top two “tail risks”, at 21% and 20% respectively, just as they were last month, what is concerning is the third most prevalent fear which, at 18%, is a Eurozone breakup. It is notable that one month ago this fear did not even register, suggesting just how fragile the Eurozone was and still remains.
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