Barrons – As the European Central Bank today warned its members that Greece’s financial needs were becoming more dire, Greek paper Banking News was reporting that hedge funds are playing a “waiting game” with Greek debt, on the expectation Greece is poised to ask the International Monetary Fund for formal assistance.
While European governments and the IMF agreed on the broad outlines of a loan package a week ago, Greece has insisted it would be able to seek private market assistance in the end.
