The Moment Investors Stopped Freaking Out About A Eurozone Break-Up

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		Home Tech Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Monday, January 14, 2013 The Moment Investors Stopped Freaking Out About A Eurozone Break-Up The word of the day is "crexit," which was coined by Allianz Chief Economist Michael Heise.  This is the idea that Greek will exit from its economic crisis this year. However, many point to a speech given by European Central Bank president Mario Draghi as the turning point for the eurozone crisis as a whole. "Draghi’s comments “within our mandate, the ECB is ready to do whatever it takes to preserve the euro” turned sentiment and substantially reduced break-up risk," write Deutsche Banks economists. Here's a chart from the bank's latest House View presentation.  It's the percentage of investors expecting a country to exit the Eurozone over next 12 months.  As you can see, fears of a breakup have tumbled since Draghi's comments. Source: Sentix GmbH, Bloomberg Finance LP, Haver Analytics, Deutsche Bank Research Read » Also On Money Game Today: Lululemon Shares Are Tumbling LIVE: Ben Bernanke Takes Questions On Fed Policy From Twitter At The University Of Michigan Advertisement CHART OF THE DAY: The Historic Surge Into Stock Mutual Funds That Has Everyone Talking About The 'Great Rotation' CHART OF THE DAY: Post-Election Years Are Usually Great For Gold Mining Stocks CHART OF THE DAY: The Human Cost Of Surging Corporate Profits Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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