FierceFinance – Are we seeing a return to those wild days of currency trading that vexed smaller nations 10 years ago? Who can forget the public spat featuring the then prime minister of Malaysia calling currency trading (currency trading news) activities by the likes of George Soros “immoral” and a “menace?” Soros (George Soros news) responded with some choice words, calling him a “loose cannon.” But there’s little doubt that currency crisis in Asia ushered in years of extreme economic pain and austerity.
Which brings us to the EU. Traders and hedge funds (hedge fund news) are starting to turn their attention to deficit woes in not only Greece but also Portugal, Ireland, Spain and other countries.
