As European leaders gather for their first Summit of the new year, questions are cropping up over the weakening European economy and a possible Greek debt default. Greece now requires 145 billion euro for the second bailout.
Brad Durham, managing director of EPFR Global pointed out that India will fair well if inflows are positive into emerging market equities. However, he elucidated that India still tends to have the reputation among investors as being one of the more expensive markets.
Asian shares and the euro paused from the previous day's rally on Tuesday, as investors cautiously wait for European policy makers to outline details of how they will leverage their bailout fund so it can help Italy or Spain should they need aid.