€750bn package doesn't erase fears over sovereign risk

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EUROPE - The €750bn (US$970bn) European rescue package is a positive short-term fix, but does not provide the structural changes needed to make pension funds and other investors fully comfortable with European sovereign credit, asset managers said.

AllianceBernstein senior European economist Darren Williams said the massive rescue package provides "breathing space" but "does nothing to solve the longer-term problems" of liquidity and competit...

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