If you were in any doubt…

If you were in any doubt as to how bad the Euro ‘thing’ is, this article from Bloomberg should hopefully make it a little clearer.

I would wager that this game of Hedge funds buying CDO’s in Greece will replay in Italy, Spain and France.

If you have a system that works why change it.

Some hedge funds won’t accept a plan to cut Greek debt as they are betting that the country will default, Handelsblatt reported, without saying where it got the information.Hedge funds have bought Greek bonds as well as bad-debt insurance in the form of credit default swaps and therefore have no interest in the country’s rescue, the German newspaper said.

via Hedge Funds Are Betting on Greek Default, Handelsblatt Reports – Bloomberg.

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