Fund managers not so concerned on Grexit

Today is another day of meeting by Euro zone finance ministers, who are rushing to close a deal and present an acceptable proposal before Euro zone leaders' reconvene in Brussels for two day summit.

Though the agenda for the summit is beyond Greece, nevertheless Greece resolution is likely to take center stage of discussion.

Probabilities of Grexit or Greek default has diminished over the week, however it is not hit zero mark yet, and there is still slight chance that talks might fail.

How fund managers assessing the risk of Grexit?

• According to survey by Barclays Inc. which covered almost 900 fund managers globally Grexit is nor much of a concern.
  
  
• About 20% of the fund managers think, Greece will exit Euro zone, while rest remains positive that a deal will be secured this month.
  
  
• According to the managers' even if Grexit occurs, it might pose lesser risk now to global economy than in 2010/11.
  
  
• About 20% of the managers think Grexit would be big negative for Global economy and 30% think it would be big negative for Euro zone peripheral countries. Rest 50% consider it as small negative since Greece is too small an economy.

Euro is currently trading at 1.121 against dollar, awaiting come out from finance minsters meeting.