Insurers and pension funds eye emerging market debt

New horizons


In November, two European leaders were toppled by the rapidly escalating crisis in the bond markets, which is now threatening to engulf the whole of the eurozone. Greek prime minister George Papandreou formally resigned on November 10, and just two days later Italy’s Silvio Berlusconi announced that he would stand down as premier once a new government had been put together.

In both cases, technocratic governments are being put in place in a bid to calm the jitters in the bond markets and reassur

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