Business Week – Almost two out of three hedge-fund managers predict Greece will drop the euro within two years and four in 10 say Italy and Spain will default or restructure their debts, a survey found.
About 65 percent said European Union members would issue euro bonds to ease the region’s sovereign debt crisis, according to the survey by Aksia LLC, a New York-based research and advisory firm, which questioned 125 hedge funds managing about $800 billion of assets, or more than one-third of hedge fund assets worldwide.
