AXA , the second-biggest insurer in Europe , has been offloading its investments in Greek debt -- at a 78 % write-down -- and no longer buys Italian and Spanish debt , as it seeks to distance itself from the deepening crisis . Eurozone 's economic troubles are too complex to be solved by a Italian exit , says De Castries CEO . Pandora says the insurer is keen to diversify its investments . There are flaws in the construction of the euro , he says . De Castries : Bank-run in Spain and Italy is the worst-case scenario .
Eurozone 's economic troubles are too complex to be solved by a Italian exit , says De Castries CEO . Pandora says the insurer is keen to diversify its investments . There are flaws in the construction of the euro , he says . De Castries : Bank-run in Spain and Italy is the worst-case scenario .