COMPAS Poll/Survey

Greece is now likely to leave the European monetary union with currency devaluation becoming the main solution to the country’s economic predicaments. That is now the majority view of the CEOs and business leaders on the COMPAS business panel—up from 42% a year ago to 61% today.

Bailouts from the IMF and European Union never had much real prospect of success, according to the overwhelming majority of panelists. Among the larger numbers of panelists who have been pessimistic about any success for a bailout, a majority nonetheless takes the view that the bailouts were a kind of beau jeste, necessary as goodwill gestures. A minority insists that the bailouts ought never to have been offered.

In Greece today, the single most important factors in continuing economic uncertainty are turmoil in the streets and continued, excess spending by government.

These are the key findings from this past week’s Internet survey of CEOs and business leaders on the COMPAS panel. The weekly business survey is undertaken for Canadian Business magazine.

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