Hedge funds to ratchet up euro bets / Regulators launch probe into euro trades

Article reports that hedge funds are raising their overall trading bets against the euro, March 2010, amid growing fears of a regulatory backlash against their targeting of the sovereign debt of Greece and other weak eurozone economies.

Many of the world's biggest hedge funds have become increasingly concerned about fierce criticism from European politicians that their country bets have heightened the crisis of confidence in some markets.

ESO: Background information: Moves in motion to limit CDS use http://www.europeansources.info/record/moves-in-motion-to-limit-cds-use/

EurActiv, 2.3.10: France, Germany seek to curb national debt trading http://www.euractiv.com/en/financial-services/france-germany-hatching-cds-restrictions-news-299830

ESO: Background information: Lagarde wants look into murky market http://www.europeansources.info/record/lagarde-wants-look-into-murky-market/

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