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Sovereign Wealth Funds Briefing - Categorized | Investment, Market, Reserve Currencies

Kindness from Europe rooted in concern about the euro

Posted on 23 November 2010

From Irishtimes.com: Whereas the Greek rescue saw euro zone countries intervene to save Athens, Ireland’s rescue will go further than that. With the aid of euro zone guarantees, the EU’s €440 billion rescue fund in Luxembourg will tap sovereign wealth funds and other investors in Asia.
Klaus Regling, head of the bailout fund, said at the weekend that he has held discussions with potential investors in Beijing. He declined to say whether China will participate but it seems clear that Ireland will be rescued in the first instance with money from very far afield……………………………………….Full Article: Source

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