Well, gee, maybe the sovereign debt crisis in Europe is real after all, and not merely an artifact of speculators.Remember back in the spring during the first sovereign debt flare-up there was all sorts of talk about the “wolfpack.”
Anyway, the wolfpack is a myth, only the European Commission doesn’t want to acknowledge that.
The Telegraph reports that it has seen a report, originally commissioned in March, that shows hedge funds/CDS traders had no real impact on the debt crisis in Greece. But, due to political expedience — because obviously if the report were released the only thing to conclude would be that the crisis was real — the report was never released.
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.