Tuesday, 7 August 2012

Blue chips pulling money out of eurozone

Blue chip multinationals like Vodafone, Shell and Glaxo Smith Kline are pulling money out of the eurozone to avoid losses from a potential collaps of the eurozone reports Børsen.dk, a Danish financial newspaper. According to the article, Shell has changed their willingness to extend credit in the eurozone and is placing their funds in the US instead of the eurozone while Vodafone and Glaxo are placing the funds they're pulling out of the euorozone in the British pound.

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