Tuesday, 11 May 2010

European Banks Now Feverishly Betting Against Euro, As Bailout Fails, Gold Surges

Zero Hedge- Zero Hedge has received confirmation that several of the largest French banks are now actively shorting the euro to take advantage of globalized moral hazard, which with every ensuing bailout does nothing but make the bonuses of French FX traders surge. In other words, the very banks that Europe is bailing out are betting more and more aggressively with each passing day against Europe's own survival! more


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