Natixis: EU Should Acknowledge Cyprus And Portugal Are Insolvent
Cyprus, Portugal, and possibly other EU countries are insolvent despite EU claims that they are stable, says a new report from French investment bank Natixis SA (EPA:KN) (OTCMKTS:NTXFY). The report claims that the infusion of loans is just a quick fix that denies the reality of the situation and sets these countries up for a harder fall down the line.
Natixis: The IMF rethinks its position on Greece
The report starts by pointing out that . . .
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