icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Hedge funds deliberately undermining Euro

Authorities on both sides of the Atlantic are looking closely at euro trades, following reports that leading US hedge funds have been in collusion to undermine the European currency through the crisis in Greece.

Regulators on both sides of the Atlantic are probing euro-trading on financial markets.

The investigations follow reports that heavyweight US hedge funds have been colluding to undermine the European single currency by making speculative bets related to Greece's huge debt problems.

European Commission’s officials say that they are planning to discuss the current economic situation with banks and regulators on Friday.

Meanwhile, the US Justice Department launched a probe into leading American hedge funds.

American trend forecaster Gerald Celente says that the financial giants will not face punishment even if found guilty.

“Wall Street has highjacked Washington, the Wall Street mob is in control,” said Celente. He insisted that the most important positions in the White House are occupied by Wall Street veterans.

He said that their consolidated efforts as insiders make the bad situation much worse.

Celente warned that sovereign debt crises around the world would affect not only local systems, but also destabilize the financial system and put the entire economic system under threat.

Dear readers and commenters,

We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system.

Sorry for the inconvenience, and looking forward to your future comments,

RT Team.

Podcasts