The worst of Europe’s debt crisis is over in the eyes of most international investors, a shift in sentiment reflected by increased demand for the region’s financial assets.
Fifty-seven percent of the investors, analysts and traders who are Bloomberg subscribers said in a poll conducted last week that Europe’s bond markets have ceased deteriorating. This marks the first time in two years a majority among those polled has declared an end to the sell-off that roiled the euro area and raised doubts over the currency’s existence.
While previous Davos meetings debated the survival of the euro, this year’s optimism is shifting the Davos debates away from the European crisis.
Source: Bloomberg (by )
