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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Stoltenberg says Greece won’t default, sees IMF program working

Posted on 14 September 2010

From Bloomberg: Norway’s Prime Minister Jens Stoltenberg said he doesn’t expect Greece to default after the country’s sovereign wealth fund said its long-term investment horizon allowed it to buy up the debt-laden country’s bonds.
“The International Monetary Fund assessment is that they are on track,” Stoltenberg said today in an interview in Oslo. “Of course, they have a long way to go, but they are on track; they have started the adjustments.” Asked whether he expects the country to default he answered “no.”………………………………………Full Article: Source


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