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U.S. hedge funds investing heavily in Greek banks

Reuters – Hedge fund billionaire John Paulson’s Paulson & Co and a number of other U.S. hedge funds are investing aggressively into Greece’s struggling banking sector expecting it to turn a corner, the Financial Times reported on Sunday.

The FT said the interest from these funds had prompted big banks in the country to lobby the government to consider speeding up the reprivatization of the sector.

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