|
|
Benedicte Gravrand, Opalesque Geneva:
The Greek sovereign debt crisis has been moving the markets of late, and some hedge funds are definitely in on the resulting opportunities. For example, credit hedge fund manager BlueMountain Capital Management, with $7bn in assets, is betting that no matter what happens to Greece's sovereign debt and the euro, fear has created select opportunities in the European corporate debt market, reported Dow Jones.
Here are some insightful angles from Stratfor, Alliance Bernstein and T. Rowe Price on the Greek debt crisis and the eurozone.
What happened recently with regards to Greece and what is expected
First, a quick update on what is happening now. In the last week, Finnish Finance Minister Jutta Urpilainen said she did not expect the Sept. 16 eurozone meeting to provide any solution to Finland’s demand for collateral for its contribution to a second Eur109bn ($150bn) rescue package for Greece, AP reported. Eurozone and International Monetary Fund officials will not decide whether to pay bailout loans to Greece until October, Luxembourg Prime Minster Jean-Claude Juncker said, according to AP. Several Greek state-subsidized corporations will close by the end of 2011 and public spending will be curtailed further, Greek Finance Minister Evangelos Venizelos said, DPA reported. And Greek Prime Minister George Papandreou is not consider...................... To view our full article Click here
|
|
RSS
