SS&C's FRI indicate lower than average levels but may increase due to Cyprus meltdown. According to the SS&C GlobeOp's Forward Redemption Indicator, client pullout of money from hedge funds is expected to rise further as investors grow antsy about the debt crisis in Cyprus.
Tags: Debt crisis
French and German visions for Europe to clash in Berlin
Germany and France will try to reconcile divergent visions of how to fix Europe's economy on Monday when Manuel Valls makes his first visit to Berlin as French prime minister and holds talks with Angela Merkel.
Greek PM announces cuts to crisis-era taxes
Greek Prime Minister Antonis Samaras announced cuts on Saturday to unpopular taxes introduced at the height of Greece's debt crisis, in a bid to show that over four years of austerity are finally nearing an end.
Monte dei Paschi cancels coupon payments
Monte dei Paschi decided to cancel its coupon payments in order to meet EU bank requirements. A decision to cancel coupon payments was done by Monte dei Paschi di Siena on three hybrid loans set to fall due by the end of the month to comply with European conditions for the approval of a EUR4.
European leaders meet in G20 summit
European leaders had found a place to breathe their economic struggles in the G20 summit where the region's debt crisis had been on the top agenda.
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