European debt crisis ‘manageable,’ says Paulson

MarketWatch – The sovereign debt crisis in Europe is “manageable” and doesn’t pose a risk to broader markets, said John Paulson, head of hedge fund giant Paulson & Co., on Monday.

Paulson also urged people to buy houses in the U.S., gave a bullish outlook for the economy and the stock market, and announced plans to close the firm’s largest funds to new investors.

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