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Tags: BlackRock | European | Debt | Writedowns

BlackRock Calls for Steeper European Debt Writedowns

Monday, 14 November 2011 10:57 AM

Debt restructuring in Greece, Portugal and Ireland with write-downs for private creditors of 75 percent to 80 percent are needed to help stop Europe's debt crisis turning into a global meltdown, said BlackRock, one of the world's largest asset managers.

"Governments are falling, bond yields are zig-zagging by whole percentage points and markets around the world are locking up: the euro zone turmoil risks turning into a global crisis," BlackRock said in a research note on Monday.

© 2022 Thomson/Reuters. All rights reserved.


FinanceNews
Debt restructuring in Greece, Portugal and Ireland with write-downs for private creditors of 75 percent to 80 percent are needed to help stop Europe's debt crisis turning into a global meltdown, said BlackRock, one of the world's largest asset managers. Governments are...
BlackRock,European,Debt,Writedowns
77
2011-57-14
Monday, 14 November 2011 10:57 AM
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