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Sovereign Wealth Funds Briefing - Categorized | Market

Euro-zone gridlock worse than crisis itself -CIC official

Posted on 23 May 2012

The euro zone’s handling of the debt crisis has been more damaging than the crisis itself, a senior official at China’s sovereign wealth fund said Tuesday.
Jin Liqun, chairman of the supervisory board of China Investment Corp., said in a speech that political gridlock is leading the currency area “deep into the woods” rather than toward a solution to its debt crisis, which has reignited following political upheaval in Greece that has called into question its future in the euro zone………………………………………..Full Article: Source


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