George Papandreou seems to have decided that the best form of defence is attack. The Greek Prime Minister was in Washington yesterday to lobby for a regulatory crackdown on hedge funds and currency traders who, he argues, are betting vast sums of money on his country defaulting, something which jacks up Greece's interest rates and thereby makes such a fiscal crisis more likely. There is a powerful case for better regulation of some sections of the international capital markets. Credit insurance...
Full Story: The Independent
