ISE 2012: Portugal to follow Greece but sovereign defaults won't 'cripple' insurers
Kurt Karl, managing director, chief economist and head of economic research and consulting at Swiss Re, has predicted that Portugal will be the next nation to default, but that it will not cripple the insurance industry.
"The problems with Greece will be back, but Spain and Italy look more hopeful. Greece is not sustainable and it will see restructure in a few years. However, Switzerland and Germany are doing well in
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