Spain, Greece, Ireland, Iceland, Portugal....

One man’s woe is another man’s windfall, as the financial crisis reminds us again and again.

Now, the eurozone’s problems are providing a field day for some savvy hedge funds who just can’t wait for more trouble to rear its ugly head. And their prayers are likely to be answered.

As the FT reports on Thursday, Greece’s snowballing problems come amid signs of growing weakness in parts of the eurozone, including on Wednesday, S&P’s move to revise Spain’s ratings outlook to “negative” and Ireland’s announcement of its harshest budget in decades.

All that before we even move further east, to another range of problems festering on the EU’s doorstep.


http://ftalphaville.ft.com/blog/2009/12/10/88141/betting-on-the-eurozones-weakest-links/

Good luck with your "recovery" hopes...

 

The BRIC's, the PIGS's.........the DOUCHE's (Dubai, Oman, Uzbekistan, Columbia, Hungary, Estonia)

 

I predict we are going to see a whole lot of shit shovelled under the rug over the next 5 days while nobody is paying attention...