Sovereign debt troubles weaken euro

Sovereign debt troubles weaken euro

The importance of investment diversification took on more prominence in recent weeks, as sovereign debt concerns in Greece and other European Union (EU) countries played a role in increasing volatility in the equity and currency markets. Putnam Europe Equity Fund is focused on achieving diversification by investing in the securities of established large and midsize

Portugal’s debt downgrade signals larger struggle

Portugal’s debt downgrade signals larger struggle

The recent downgrade of Portugal’s sovereign credit by Fitch Ratings is symptomatic of issues in the broader region rather than an isolated event. In addition to Portugal, we have been watching the deteriorating fiscal position of several peripheral European countries. We’ve also observed that by participating in the EU, there are limitations on the ability