Big is beautiful in euros but dollars’ allure remains

May 19, 2010 12:00 am

For eurozone borrowers the single currency has it all: size, depth, liquidity, duration and low execution risk — or at least it did until the Greek fiscal crisis blew up. For external issuers, diversification was a key additional attraction. But as Philip Moore reports, even before Greece’s problems, the cost of issuing in euros failed to stack up for dollar funders.

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