Hedge funders who supposedly “colluded” to bring down the euro aren’t going to get in any real trouble.
Here’s why (according to the Wall Street Journal and Peter Pope, a former deputy attorney general):
- authorities would have to prove that the hedge funds privately agreed to drive down an otherwise healthy currency
- the euro isn’t healthy
- they would have to find a paper trail
- these hedge funds aren’t powerful enough to sink an entire currency
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