Greece
Hedge funds bet on Greek debt default, Germany “Can’t Confirm” Hedge Fund Clampdown
In response to Greece’s economic troubles, this month hedge funds have raised their bets on Greece’s economic woes by shorting its bonds or buying default protection. According to the New York Times, the country has been in economic turmoil since the new Socialist government revealed in October 2009 that the budget deficit would hit 12.7% [...]
Hedge Funds Loving Troubled Greece
By increasing the number of short positions on Greece’s bonds hedge fund managers are betting on the country’s negative economic state and most likely profiting from it. The sheer size of Greece’s debt issues indicates that this problem should have been dealt with 10 years ago. The European Union requires a specific range on deficit [...]
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