The potential of SYRIZA in power as a result of yesterday’s presidential election outcome caused a dip in the ASE index of up to -11% yesterday and scared investors who now “foresee” that the probability of a Grexit is increased dramatically.

According to the Eurozone break up index by Sentix, markets see a more likely exit of Greece from the Eurozone (18.8%) compared with September 2014 (5.9%).

The Eurozone break up index rose to the highest level since August 2013, in December, to 19.9%, something which means that 1/5 of investors expect at least one Eurozone country to leave the eurozone in 2015.

All institutional investors (100%) expect that the eurozone member will be Greece, while the rate for private investors who expect the same thing to happen has increased to 89.6%.

In contract, despite its high potential Grexit index, the Sentix Contagion Index fell to 34.3%, the lowest point since December 2012. This shows that the overall stability of the Eurozone has improved and that investors consider the case of Greece, on its own.