By Barbara Kollmeyer, MarketWatch, June 15 2012
MADRID (MarketWatch) — Investors have begun preparing for a dramatic new stage in the European debt crisis ahead of a weekend Greek vote that could help determine the future of the euro zone.
Edward Hugh, an independent economist and well-known blogger based in Barcelona, said investors are beginning to make calls as to whether the euro will disintegrate or ultimately be saved. “I think investors are trying to cover themselves both ways,” said Hugh. “If you buy German [credit-default swaps], it’s win-win.”