{"id":311334,"date":"2010-02-12T08:25:00","date_gmt":"2010-02-12T13:25:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/black-rock-greece-is-no-lehman-12-02-2010"},"modified":"2010-02-12T08:25:00","modified_gmt":"2010-02-12T13:25:00","slug":"blackrock-buy-greek-bonds-because-theres-no-way-europe-lets-this-go-lehman","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/311334","title":{"rendered":"BlackRock: Buy Greek Bonds, Because There’s No Way Europe Lets This Go Lehman"},"content":{"rendered":"

\"miss<\/p>\n

The New Goldman, ie. BlackRock, thinks Greece fears are overdone.<\/p>\n

Contrarians go long Greek debt. Especially if you believe bondholders will be saved during any bailout. We can imagine quite a few European banks are holding Greek debt, so you might have friends in high places:<\/p>\n

Business Week:<\/a><\/p>\n

The company has a so-called overweight position on Greek debt, holding more securities than allocated in its benchmark, even after Standard & Poor’s, Fitch Ratings and Moody’s Investors Service cut the country’s credit grades in December. The fund will continue with this strategy for “some time,” said Michael Krautzberger, co-head of European fixed-income in London, after EU leaders pledged yesterday to help Greece regain control of its finances.<\/p>\n

“They won’t allow a Lehman-type crisis,” said Krautzberger, who helps oversee BlackRock’s $3.35 trillion of assets. “The market has worried too much about an imminent government default in Europe that will not happen because of the solidarity.”<\/strong><\/p>\n

Read more here ><\/a><\/p>\n

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