All eyes are firmly on Greece again this week as the country's beleaguered politicians debate (and hopefully back) the fiercely contested package of spending cuts proposed by prime minister George Papandreou.
Both the EU and IMF are demanding that Greece's parliament approve the measures before handing over the latest instalment of cash needed to bail out Greece.
Listen to some commentators and it's not just Greece's bailout which is hanging in the balance this week. The future of the entire Euro project is now apparently at stake.
New York University's Nouriel Roubini is among those to have warned in recent weeks that the Eurozone is heading for break up, while hedge fund manager George Soros claimed at the weekend that at least one country would leave the Eurozone.
The commentators may be predicting the end of the euro – but not, it appears, the world's speculators.
Data released by the US Commodity Futures Trading Commission (based on the activity on the Chicago Mercantile Exchange) late Friday night revealed that hedge funds are actually long (not short) of the euro. With 29,771 more bets on the euro rising against the dollar, than falling.
SOURCE: telegraph.co.uk
