EU Summit To Fail As Capital Flight Accelerates On Hedge Fund Bund Shorting

Despite being talked up as Europe’s “do or die” moment, the EU summit scheduled for June 28 and 29 won’t provide any closure and will once again disappoint.  The smart money is already betting against the euro, with heavyweights like John Paulson and Bill Gross placing bearish bets against German bunds.

http://www.forbes.com/sites/afontevecchia/2012/06/25/eu-summit-to-fail-as-capital-flight-accelerates-on-hedge-fund-bund-shorting/

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