Sunday, January 15, 2012

Hedge Funds Playing Chicken With Greek Debt

The political drama has long since moved on to Italy, but the details still haven't been worked out over the question of Greek debt and hedge funds are a big part of the reason.

The issue, as you may recall, went like this. Greece was genuinely honest-to-God insolvent and couldn't cover its debts. It needed to default.

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