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Sovereign Wealth Funds Briefing - Categorized | People

Australian SWF head attacks European leaders

Posted on 27 September 2011

The head of Australia’s sovereign wealth fund has launched a harsh attack on eurozone’s political class, saying the bloc’s debt crisis stemmed from “a failure of government to understand the nature of financial markets and to stop the level of indebtedness of countries”.
David Murray, chair of Australia’s A$75.2bn (US$73.5bn)Future Fund, said: “Those elected to political life have to understand the limits of debt they should have, and their responsibilities……………………………………….Full Article: Source


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