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Tuesday, October 08, 2013

Paulson leads charge into Greek banks; Labor Ministry Considers Confiscation

 http://www.cnbc.com/id/101090421

John Paulson and a clutch of bullish U.S. hedge funds are leading a charge into Greek banks, confident that Greece, long seen as the weakest economy of the euro zone periphery, is on the turn.
Such is the strength of their interest that Greece's big banks are now lobbying the government to consider expediting re-privatization of the long-troubled sector. Mr Paulson, best known for his successful wager against the U.S. sub-prime mortgage market in 2007, praised Greece's "very favorable pro-business government".

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