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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Fund Profile/New Launches

Future EU bailout fund details agreed on

Posted on 23 March 2011

With clouds gathering above a fiscally distraught Portugal, finance ministers of the 17 countries that share the euro as a currency have firmed the details of a new permanent bailout mechanism for member-states in need.
The move comes only days ahead of a self-imposed deadline for the European Union (EU) to sound a clear response to market concerns about the sovereign debt crises that have been plagueing many of the region’s economies since last year……………………………………….Full Article: Source


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