Hedge fund sees Greek euro exit looming
Greece will probably leave the euro as soon as next month as the government runs out of cash and European institutions fail to lend more to the nation, according to John Taylor of hedge fund FX Concepts LLC.
?This summer I think is very likely,? Taylor, founder and chief executive officer of FX Concepts in New York, said on Tuesday in an interview on Bloomberg Television?s ?Inside Track? with Erik Schatzker.
?The Europeans aren?t going to give them the money, the International Monetary Fund?s not going to give them an OK. They will be out of money in June.?
[Bloomberg]
