Euro trashing

With all the political maneuvering, traders say shorting the euro is the safest bet.

By Leah McGrath Goodman

Rumors of the death of the euro may be greatly exaggerated, but several players are positioned for its run at ruin. Taking that bet has been complicated, however, as the 16-nation euro zone lurches into damage control mode.

Germany is slapping bans on certain types of naked short trades and lambasting what it sees as the speculative abuse of credit default swaps on government debt, which it cannot ban.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.