Norway's $600 billion sovereign wealth fund cut its exposure to the struggling euro zone further in the second quarter and aims to pick up more emerging market assets, particularly bonds, in the months ahead, it said on Friday.
Seeking a balanced approach to risk in an uncertain economic environment, it also said it would continue to invest in top-rated sovereign debt yielding negative interest rates rather than hold excessive amounts of cash.
The fund, one of the world's biggest investors, has been gradually pulling out of euro zone assets, especially those on the bloc's periphery, and aims to cut Europe's weight in its portfolio permanently as the region's recovery continues to stall.
http://in.reuters.com/article/2012/08/10/norway-oilfund-idINL6E8JA6E820120810
European Bankers and Top Politicians Fear Collapse of the Euro
http://www.marketoracle.co.uk/Article36002.htmlCommerzbank flags fears of euro zone collapse
http://www.reuters.com/article/2012/08/09/us-commerzbank-results-idUSBRE8780EW20120809The Euro Zone’s Market Conundrum
Tracing this to its logical conclusion ought to be unsettling for bund investors. As Bank of England governor Mervyn King has argued, the euro zone’s problems are a matter of solvency rather than liquidity. Nowhere is this more true than in Spain. But solvency problems need to be resolved with real money and real money has to come from somebody. In the euro zone, Germany is the only real potential source of the sort of massive funds Spain needs.http://blogs.wsj.com/eurocrisis/2012/08/07/the-euro-zones-market-conundrum/
Berlusconi says an Italian exit from euro would be disaster
http://in.reuters.com/article/2012/08/11/italy-berlusconi-idINL6E8JB17P20120811Syria’s transit future: all pipelines lead to Damascus?
http://openoil.net/2012/03/28/syrias-transit-future-all-pipelines-lead-to-damascus/Syria's Pipelineistan war
http://www.aljazeera.com/indepth/opinion/2012/08/201285133440424621.html25 GUILTY people at the heart of the meltdown – where are they now?
I could add quite a few more ...Summers, Rubin, Bernanke.....and many others.HERE'S THE CHARGE SHEET - LOAD OF IDIOTS, CRIMS AND CHANCERS
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