Πώς και γιατί δρουν με αυτόν τον τρόπο οι διεθνείς κερδοσκόποι..

SPECULATION ANALYSIS
Hedge funds – lightly regulated investment vehicles – have been accused of betting that Greece will default on its bond payments.

But how and why have they been doing this?

Government bonds come with an insurance policy, called a credit default swap (CDS).

Hedge funds have been buying up vast quantities of CDSs linked to Greek bonds in the hope or belief that Greek government will either default on a bond interest payment, or have its credit rating lowered.

This is because in both cases, the seller of the CDSs – typically banks or insurance firms – would have to pay a penalty fee to the buyer of the CDS contract.

So it is in the interest of hedge funds owning such CDSs for the Greek economic situation to worsen, rather than improve.

Further, if it costs banks more to insure their Greek bonds due to the higher risk of having to make a CDS payout, it means Greece has to offer higher interest rates on the actual bonds to make them attractive enough for them to buy.

This has an additional knock-on effect on Greece’s wider credit rating, making it more expensive for Greece to borrow much-needed funds on the open markets.

Από σημερινό άρθρο με αφορμή την επίσκεψη Παπανδρέου στις ΗΠΑ, των BBC News: Greece asks US to help crackdown on speculators

http://news.bbc.co.uk/2/hi/business/8556944.stm
Advertisements

Σχολιάστε

Εισάγετε τα παρακάτω στοιχεία ή επιλέξτε ένα εικονίδιο για να συνδεθείτε:

Λογότυπο WordPress.com

Σχολιάζετε χρησιμοποιώντας τον λογαριασμό WordPress.com. Αποσύνδεση / Αλλαγή )

Φωτογραφία Twitter

Σχολιάζετε χρησιμοποιώντας τον λογαριασμό Twitter. Αποσύνδεση / Αλλαγή )

Φωτογραφία Facebook

Σχολιάζετε χρησιμοποιώντας τον λογαριασμό Facebook. Αποσύνδεση / Αλλαγή )

Φωτογραφία Google+

Σχολιάζετε χρησιμοποιώντας τον λογαριασμό Google+. Αποσύνδεση / Αλλαγή )

Σύνδεση με %s

Αρέσει σε %d bloggers: