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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Greeks give new meaning to idea of sovereign wealth

Posted on 25 May 2010

From Timesonline.co.uk: They were parachuted in during the Second World War to fund local resistance to the Germans and now, with a population mired deep in another — if very different — crisis, British gold sovereigns once again are the foreign currency of choice in Greece.
Once again, too, they are offering a tangible sense of security amid turbulent uncertainty. In the 1940s, as the only reliable currency available, much of it was hoarded in trunks, under floorboards and buried in gardens. Any respectable girl’s dowry included a cache of sovereigns……………………………………….Full Article: Source


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