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Paulson hedge funds backing recovery in Greek banks

Reuters – Funds run by billionaire investor John Paulson see Greece’s recapitalised banking sector as an attractive investment play on the country’s recovery after a deep six-year slump.

Encouraged by Greece’s rising exports and a rebounding tourism sector, U.S. hedge fund group Paulson & Co expects the protracted recession to bottom out this year and begin recovery in 2014.

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