Friday, 26 February 2010

Man who broke the Bank of England George Soros 'at centre of hedge funds betting against crisis-hit euro'

Daily Mail
" * Traders make a series of huge bets against single currency
* Fund managers could make hundreds of millions profit
* Greek PM says he will protect country against speculators
* Merkel: The euro is in a 'difficult situation' for the first time

The man about to break the euro? George Soros is said to be placing large bearish bets against the single currency - The man who broke the Bank of England in 1992 is said to be at the centre of a plot to cash in on the demise of the euro.George Soros's investment business Soros Fund Management is among a group of heavyweight Wall Street hedge funds which have launched a series of massive bets against the euro."

No comments: