Thursday, 22 September 2011

gulfnews : Sovereign funds have slew of opportunities In Theory

Over the last three years the world of finance and business has undergone a great deal of change.

Banks and financial institutions, which used to offer loan promotions to get rid of their excess liquidity, are now looking hard to boost their cash reserves. They are only interested in those depositors who have cash in their case.

But where are those with cash in Europe? A look at their financial situation at the moment is reminiscent of a Somali desert.

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