Risk & Insurance, April 1st, 2001
This year promises a continuing tale of debt and downgrades for Europe's telecommunications giants. Indeed, the chillier economic winds have already been felt across the Atlantic, now that business chiefs such as Cisco Systems' John Chambers have warned Europe's corporations that they will also feel the turbulence in the bumpy flight ahead.
The London, Paris, and Frankfurt exchanges have followed Wall Street lower over the past year. European investors fell out of love with tech and telecom stocks a little later than New York. The end of the affair has hit Europe's telecommunications giants...
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