The Euro Zone and the Sovereign Debt Crisis Harvard Case Solution & Analysis

Jason Sterling was sitting at Stamford, Connecticut, Market your hedge fund from January 28, 2011, scouring Wall Street Journal and Bloomberg websites for any news coming out of the annual meeting of the World Economic Forum in Davos, Switzerland. He knew that the developing sovereign debt crisis in Europe will be the main topic of discussion among world leaders and bankers, which had been convened at the highest level, and he was hoping to find new information that he can sell for up to the close of trading for the week. Fund Sterling traded mostly in sovereign debt, and he needs to find out if the European leaders would come up with a viable solution to the crisis, or the debt crisis will lead to the default of a number of European countries. At the forefront of the crisis in Greece, which is facing ballooning deficit, an increase in interest payments, and the prospect of having to default or restructure its debt. Ireland, Italy, Portugal and Spain were the other euro area countries facing mounting financial problems and was the focus of investors' sovereign debt. Sterling knew that if a solution was not found in the coming weeks, the sovereign debt markets may be thrown into turmoil. "Hide
by Giorgos Allayannis, Adam Risell Source: Darden School of Business 28 pages. Publication Date: July 11, 2011. Prod. #: UV5652-PDF-ENG

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