07 December 2010

EUROZONE: Some Prominent Bond Holders Bet Greece, Spain And Portugal Will Flee The Euro.

BLOOMBERG/ Ye Xie /
    Jonathan Binder, chief investment officer at Consilium Investment Management in Fort Lauderdale, Florida, won a bunch of money for his clients in 2001 betting that Argentina would default.
    Now he believes that Greece, Portugal and Spain will restructure debts and leave the eurozone and he's betting against them and also Belgium and Italy- with credit default swaps.
   He's not alone. Pimco honcho Mohamed El-Erian
(  pictured) also expects countries to exit the 16-nation euro zone.