New York hedge funds aim to block Cyprus credit restructuring

By David Wigan

Thursday, March 07, 2013

Hedge funds based in New York have piled into sovereign bonds issued by Cyprus in recent weeks

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Comment by: Anonymous. Posted 11 years ago [2013-03-16 12:19:33]

Good development! Just as the US had "bond market vigilantes" in the past, the world needs sovereign market vigilantes to dispel fantasies of politicians and regulators (ie, the never-ending spending and money printing). Cyprus looks like a good bet ....

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