Cinesi ed euro, fondi , crisi euro ,meno stati più corporate

(WSJ-25-6-11)BUDAPEST–Chinese Premier Wen Jiabao on Saturday said China will continue to buy euro-denominated bonds to support Europe, in China's latest public endorsement of the efforts to contain a potential debt crisis in the common currency area.
(SmartMoney 25-6-11)After months of enthusiasm for mutual funds, investors are getting queasy--again. For the second week in a row, they've pulled more out of funds than they've added in. But unlike investors who have been selling individual stocks, a new trickle of outflows can have cascading and negative effects for fund holders.
Mutual funds have mostly resisted the stock selloff of the last two months, but finally seem to be throwing up their hands. For the first time since December, investors have taken more money out of mutual funds than they've dropped in, according to data from the Investment Company Institute. In total, they pulled $7.3 billion from equity funds and added almost $2.5 billion in bonds. "The market has been very choppy and people remain very risk averse," says Kevin McDevitt, a mutual fund analyst at Morningstar.
(Bloomberg 27-6-11)Billionaire investor George Soros said it’s “probably inevitable” that a mechanism will be put in place to allow weaker economies to exit the euro.
“There’s no arrangement for any countries leaving the euro, which in current circumstances is probably inevitable,” Soros, 80, said at a panel discussion in Vienna yesterday on whether liberal democracy is at risk in Europe. “We are on the verge of an economic collapse which starts, let’s say, in Greece, but it could easily spread. The financial system remains extremely vulnerable.”
Because the “survival of the EU is of vital interest to us all,” there’s a need for a “Plan B,” he said, explaining that this could include EU-wide taxes, a “banking system guaranteed by European institutions, not a bunch of national banking systems,” or a financial transaction tax.
“You need a Plan B and there’s no Plan B at the moment,” Soros said. Instead, “authorities are sticking to the status quo” and not “recognizing that there are fundamental flaws that need to be corrected,” he said.
(FT - 26-6-11) Europe’s pension fund industry is looking to pare back its exposure to ­government bonds, and bulk up on corporate paper, potentially delivering a further setback to governments’ efforts to fund their mounting debt piles.
Some 31 per cent of respondents to this year’s IPE European Institutional Asset Management survey said they planned to cut allocations to government bonds amid rising concerns about the Greek debt crisis, outweighing the 17 per cent who intend to increase their weighting.