Rumours that France will lose its AAA rating sparked a massive selloff across Europe, cutting short hopes that the market might make a slight comeback before the twin debt crisis of Europe and the United States escalates.
In an interview on CNBC-TV18, Bruno Verstrate, CEO of Nautilus Invest is cautious on European markets. He is not a buyer of banks because, according to him, it is just a mater of time before the downgrade comes.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
