Private debt holder upbeat on eurozone future

There are tentative signs of an improvement across the eurozone in three key areas — the banking system, sovereign debt, and politics — that will ensure the survival of the single currency, says London-based, senior vice-president of Franklin Templeton John Beck.

Franklin Templeton is the California-headquartered investment fund that holds over €6bn of Irish government debt — making it the biggest private holder of Irish sovereign debt.

Mr Beck remains bullish about the prospects for the Irish economy, although less so about other periphery members.