Fund managers: Our safe haven hot spots

Angelos Damaskos CEO, Sector Investment Managers    The excesses of the 1980s and 1990s culminated in the great crisis of 2008. As the developed world grapples with the ensuing debt problems, some smaller countries are on the brink of default. Even the richest country in the world, the US, is struggling to manage its budget deficit, high unemployment and rising inflation. For the politicians, it seems the only way out is to print money, allowing their currency to devalue and thus making it easier to pay back debt. Combined with interest rates near to zero, the appeal of cash in ...