New York, New York (PressExposure) February 21, 2010 -- "Mann International"; The continuing deterioration of investor confidence in the ability of the Greek government to reduce its deficits is unlikely to permanently damage the single currency despite the apparent panic that is being generated by the debacle. That is apparently the opinion of analysts at Asia-based investment boutique, "Mann International".
But despite this, the firm believes that bail out of Greece will eventually lead to expectations of similar treatment for other debt laden eurozone nations like Portugal, Spain and Italy.
"Mann International" has told clients that the situation is likely to prove to be the biggest test of the single currency since it was launched just over a decade ago and that, if a bailout were successful, could cement the perception of the euro as a solid and dependable currency rather than a currency union.
Sources close to the firm said that the analysts believe that the furor has the potential to focus investor attention on the entire sovereign debt market as supply risks overwhelming demand and consequently raising yields making it increasingly difficult for nations to service their debts.
"Mann International" is thought to be mindful of the fact that the majority of Germans would prefer if Greece were to be ejected from the European Union if its problems were to deepen but are not expecting this turn of event s to occur.