1. A Rising Tide Threatens Euro.
- Author
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Gongloff, Mark, Frangos, Alex, Shah, Neil, Martin, Katie, Monahan, Andrew, and Zeng, Min
- Subjects
- *
EURO , *FINANCIAL crises , *CENTRAL banking industry - Abstract
The article reports that an ongoing debt crisis in Europe has prompted some central banks and large money managers to reduce their exposure to the euro. The central banks of South Korea, Iran, and Russia have all indicated concerns about the currency. The $40 billion Global Sovereign Fund of Kokusai Asset Management has reduced its holdings of euro-zone stock funds.
- Published
- 2010