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To see our content at its best we recommend upgrading if you wish to continue using IE or using another browser such as Firefox, Safari or Google Chrome. A quarterly filing by the insurer in the US shows that the firm is working to slash its exposure to both European sovereign debt and the eurozone’s banks, a further indication that companies are losing confidence in the single currency, Between December 31 last year and June 30, the company reduced its holdings of German, French and Spanish government debt.

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