Templeton's Mobius expects eurozone 'Brady bonds'

With the pressure building on Portugal to accept a sovereign-debt bailout and the country set to issue bonds today, emerging-markets specialist Mark Mobius yesterday predicted an outcome for certain eurozone countries similar to what occurred in Latin America in 1989. “Given the level of the debt-to-GDP ratios [in countries such as Greece, Ireland, Italy, Portugal and Spain], there will have to be a rescheduling and a change in the way they handle the situation,” said Mobius, executiv…