It was a bad week for both, corporates and the government, but the Indian equity benchmark indices were relatively flat throughout the storm. It was the draft Mining Bill on Friday that caused us to end the week on sad note.
The vote on expanding powers of the European financial stability facility (EFSF) is due today, and Andrew Freris, chief investment advisor Asia of BNP Paribas wealth management believes that Germany will vote in favour of this move.
Mark Matthews of Julius Baer expects the Germany to vote in favour of increasing size of the European Financial Stability Facility (EFSF). However, he warns that even if EFSF expands, debt issue will be an overhang.