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Business Leaders See Euro Zone Break-Up
Financial Times | January 31, 2011 | 05:59 AM EST

An overwhelming majority of business and financial leaders from around the world think there is a chance that one or more euro zone countries will leave monetary union over the next three years.

More than four out of five senior executives, or 85 percent, said there was a chance of this happening, while two in three, or 60 percent, said there was a chance the euro zone would break-up over the next three years.

The survey of 461 senior executives from leading companies, investment banks, hedge funds and sovereign wealth funds in Europe, the US and Asia highlights the grave concerns over the future of the euro zone , as policymakers consider reforms to tackle the problems of the indebted countries on the currency club’s periphery.

The poll, commissioned by RBC Capital markets and conducted by the Economist Intelligence Unit, singled out rising concerns over the build up of public debt in Europe and the US.

More than four in 10 executives, or 46 percent, said their own country’s external debt was growing at an unsustainable level. More than 60 percent of US and UK executives said this was true about their own government’s debt.

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