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European Banks Now Feverishly Betting Against Euro, As Bailout Fails, Gold Surges

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RETREAT! RETREAT! RETREAT!
"Zero Hedge has received confirmation that several of the largest French banks are now actively shorting the euro to take advantage of globalized moral hazard, which with every ensuing bailout does nothing but make the bonuses of French FX traders surge," the web site reports. "In other words, the very banks that Europe is bailing out are betting more and more aggressively with each passing day against Europe's own survival! Even George Soros has shed a tear of pride in how beautifully his initial plan to take on the BOE has mutated for the Bailout Generation."
SOURCE:   Zero Hedge

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