Joined Nov 11, 2007
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European Banks Continue to Dump Italian Debt

“The banks are doing exactly what they should be doing: they are reducing their risk toward this event. We can see that clearly as now Italian bonds are being sold off,” Clausen, who is also the chief executive officer of Nordea Bank AB (NDA), said in an interview in Stockholm. “They should keep doing what they are doing. The banks are actually moving out of the epicenter.”

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