More managers have been taking out protection against sharp falls in equity prices than at any point since the global financial crisis in 2008, according to a new BAML survey.
It is less than 2% of eurozone GDP, but Greece's exit could have a contagion effect on eurozone members, say investors and commentators in London.
Money managers in the US are confident Greece’s default this week will not lead to contagion or impact the US Federal Reserve’s stance on raising interest rates.
Views are divided on whether Greece will exit the euro and the bloc will implode. Asia may be better placed than in 2008, but recovery would take longer.
Greece has to exit the bloc before structural reforms can take place, says lecturer Robert Pozen. He sees Spain as the big worry, but outlines his solution.
Last week's move by the ECB was encouraging, says Skandia Investment Group's head of asset allocation. The firm may seek a Singapore presence and retail licence.
Greece cannot pay back its debts and countries will have to start leaving the euro. It's time for politicians to face up to the inevitable.
Global equities investor Alan Chua argues that value investing may be a good way of protecting against the ongoing risk of contagion stemming from sovereign debt in Europe.
'Bear Market Bob' Howe, who runs the Opera Pan-Asia fund, thinks we could go beyond Thunderdome if Greece were to default. However, he is hedged.
Having overseen positive returns on Munich Re's investments in 2008 and 2009, Thomas Kabisch gives his views on Europe, Asia, bonds and risk management.
Investors should diversify away from developed-market government bond markets, says Charles Beazley of Nikko Asset Management.
Investors have turned far less bullish on China and Europe, amid a global drop in risk appetite, according to Bank of America Merrill Lynch's February fund-manager survey.