Blackrock calls for more aggressive EU policy action - private creditor writedowns of 75-80% in...

|By:, SA News Editor

Blackrock calls for more aggressive EU policy action - private creditor writedowns of 75-80% in Greece, Portugal, and Ireland, thus allowing a relaxation of austerity measures which threaten to turn a mild recession into something worse. The world's largest long-only fund manager remains bullish on equities unless the EU deteriorates further.