A Bank of America Merrill Lynch survey of global fund managers released this week makes it abundantly clear that just about everyone is sure Greece will default on its foreign debt obligations. And while this isn’t good news, the view from top money managers is that this eventuality has already been priced into the market and most are more optimistic about the global economy than they were last month.
Ninety-two percent of the 199 fund managers surveyed earlier this month said they believe there’s no way Greece can avoid default and seven out of 10 predict the country will default by April.
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