London trader faces Interpol over Greek debt email

[Viva_La_Revolution]

Source: BBC

The Greek authorities have asked Interpol to question a London trader over an email he sent which talked of the high chance of a Greek default.

The email, published in a Greek newspaper, refers to "increased noise" over a Greek debt restructuring as early as Easter.

Greece is highly sensitive to allegations it may not stick to strict repayment terms on its recent bailout.

The finance ministry says the incident amounts to "possible criminal conduct".

Read more: http://www.bbc.co.uk/news/business-13166589?utm_source=twitterfeed&utm_medium=twitter

[xchrom]

1. Recommend

[50000feet]

2. A Citibank employee sowing uncertainty over Greek debt.

Say it isn't so. Wasn't Citibank represented at those secretive dinner meetings hosted in Manhattan that included reps from other major US banks and hedge funds? It's good to see some push-back.

[orangeapple]

3. how about reality sowing uncertainty over Greek debt?

This is such horseshit.

Are you willing to loan them money for less than other market participants? If you think you'll get your money back, you can loan it to them for a pretty sizable return right now. Why not do it?

The German PM is openly talking about 'haircuts' for Greek debt holders, will Interpol interview her next?

If people thought that Greece was getting their fiscal house in order their debt would be cheaper. Fact is they're worse off now than they were when the bailouts started.

[50000feet]

4. Push a higher numbered button on your elevator ...

and view from a higher level. What possible interest could US financial firms have in destabilizing Greek finances? The US dollar is tanking, and one way to reverse or impede that is to create perceptions that the EU can't hold it together, or in other words that the Euro should be devalued relative to the dollar ... = higher-valued dollar. Read some Soros': subjectivities, intentions, trader-manipulated "data" determine markets more than supply, demand, "reality."

[naaman fletcher]

5. So,

one is only allowed to discuss greek debt if one has a positive view? what a horeshit complaint this is.

[50000feet]

6. Not at all,

but if we want to talk reality, let's try to get closer to reality, ya?

[naaman fletcher]

11. who decides what reality is? nt.

[girl gone mad]

10. I think you need to come back down..

to a more oxygen rich floor.

[Lucky Luciano]

7. But Greece will indeed probably restructure...by Easter is a stretch. nt

[bossy22]

8. i dont see whats wrong with this

its a well known possibility that greece will need to restructure or default on their obligations. Why should it be illegal for someone who is in that field to voice their opinion? Greece can be a sensitive as they want but they can't criminalize foreigners from passing judgement on them. Its not their right.

[truedelphi]

9. See the power of positive thinking.

A bunch of folks here on DU have been hoping that the Big Finance People start facing indictments for the Huge Messes they have made.

And clearly this guy is one of the worst - he went so far as to announce in an email that there is a strong possibility that Greece won't keep up with its repayment plan. :sarcasm: Perhaps he was considering how Greece has to pay 12% more than Germany when he typed out that email.!