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Expect further debt restructuring in Greece: Citigroup

Willem Buiter of Citigroup continues to expect further debt restructuring in Greece, as well as other Euro countries.

January 20, 2012 / 08:58 IST
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Here are experts equity calls for the day on how the markets are expected to trade:

Willem Buiter, Citigroup: Huge ECB liquidity provision may continue to calm markets in the near-term, but the underlying causes of the EU debt crisis have not been resolved. We continue to expect further debt restructuring in Greece, as well as other Euro countries. Chris Wood, CLSA: The improving sentiment towards the Eurozone has definitively helped India's efforts to shore up its currency since a renewed swing to 'risk-off' would almost certainly hit the rupee. Two percentage points will be added to India in the APAC ex-Japan relative-return portfolio this week, to move to a slight Overweight position with the money taken by shaving the Overweight in Malaysia.
first published: Jan 20, 2012 07:56 am

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