Risk institutional investor rankings 2011

A guiding light

David Escoffier

The possibility that the eurozone debt crisis would lead to a default or restructuring seemed fairly remote just a few months ago. But a growing consensus is emerging that some form of Greek sovereign debt restructuring may be unavoidable – a prospect that may also have implications for the situation in Ireland and Portugal, and ultimately the future of the eurozone.

Debt problems are not just a European issue, though. On May 16, the US government hit its $14.3 trillion debt ceiling, prompting

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