SYDNEY (Dow Jones)--The International Forum of Sovereign Wealth Funds on Saturday said the current debt crisis engulfing Greece is resolvable and should be contained as Greece's position is different to that of other heavily indebted euro-zone countries.
The forum, which was established in 2009 and is facilitated by the International Monetary Fund, is the representative body of the world's sovereign wealth managers and includes among its members some of the most influential investors in the world.
Meeting in Sydney for its second annual meeting, the forum said the Greek fiscal position is worse than comparable countries such as Portugal and Spain.
"One important conclusion we reached is that the situation is resolvable," said IFSWF Chairman David Murray, who is also chairman of Australia's Future Fund which has A$66 billion in assets under management.
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