Apr 18, 2011

Greece, Portugal And Irish Banks

The issue of Greece is not whether there will be debt restructuring, but when it will be done, and whether it will be an orderly market-oriented debt exchange or disorderly like in Argentina. One can make the same argument for Portugal’s government and Irish banks. - at a conference in Almaty, Kazakhstan’s financial center

Related: Bank of Ireland (ADR) (IRE), Allied Irish Banks, plc. (ADR) (AIB), iShares MSCI Spain Index (ETF) (NYSE:EWP)