Templeton's Mobius expects eurozone 'Brady bonds'

Jan 11, 2011

Emerging-markets bull Mark Mobius remains positive on Asia – particularly China, India and Thailand – despite a deepening European Union debt crisis.

Templeton's Mobius expects eurozone 'Brady bonds'

With the pressure building on Portugal to accept a sovereign-debt bailout and the country set to issue bonds today, emerging-markets specialist Mark Mobius yesterday predicted an outcome for certain eurozone countries similar to what occurred in Latin America in 1989.

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