10.09.2010 - Norway buys Greek debt as wealth fund sees no default
From Todayonline.com: Norway has stocked up on Greek bonds, saying Greece will not default on its debt in a major confidence booster for the beleaguered Hellenic state. Norway's US$450-billion ($604-billion) Government Pension Fund Global, the world's second-biggest sovereign wealth fund, has also accumulated bonds of Spain, Italy and Portugal. Norwegian Finance Minister Sigbjoern Johnsen said he backed the strategy, which contributed to a 3.4-per-cent loss on European fixed income in the second quarter, compared with gains on bonds in Asia and the Americas..............................................Full Article: Source
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