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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Market

Europe’s stability fund talks fuelling uncertainty

Posted on 03 February 2011

From Dow Jones: European leaders are seeking to “change the rules of the game” with their plans to reconfigure the existing borrowing facility for nations crippled with debt, a move which could backfire with consequences for investors, Standard & Poor’s Ratings Services’ sovereign-ratings committee chief said Wednesday.
John Chambers, who is head of the committee that sets and changes Standard & Poor’s ratings for 118 central governments, warned a mooted new permanent safety net for indebted nations from 2013 could override existing investors and ultimately turn into a political tool……………………………………….Full Article: Source


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