Reuters – Hedge funds are piling into bets against the bonds of core euro zone countries like Germany and France, signalling a growing fear that nations once considered safe havens could be dragged down by the crisis in peripheral states like Greece and Spain.
After a buoyant first quarter for markets, when fears over the euro zone debt crisis receded thanks to a 1-trillion-euro cash boost from the European Central Bank, hedge funds have been quick to make sure they don’t miss out as concerns over the future of the single currency resurface.
