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Sovereign Wealth Funds Briefing - Categorized | Financials, Market, Trends

Norway Oil Fund confident euro survives as Greece doubts grow

Posted on 21 June 2011

The chief executive officer of Norway’s $570 billion sovereign wealth fund said the European Monetary Union, which consists of 17 countries sharing the euro currency, will survive amid increasing doubts that Greece will avoid becoming the first member to default on its debts.
“Some people are saying Europe is facing a choice, there is fiscal union or there is a break-up of the euro,” Yngve Slyngstad, the head of the Oslo-based fund, said………………………………………Full Article: Source


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