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posted by kanelos
1
September 13, 2011 2:12am EST
By Dimitri Kanellopoulos, BuyActive.com
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NEW YORK (BuyActive) - Many speculators have bet millions on Greece's default, a situation that could possibly lead the country and Europe into chaos. All these fears have succeeded in decreasing shares of BNP Paribas, Societe Generale, and Credit Agricole Von Mehr than 10 percent.

Apart from those investors who have taken a bet against Greek bonds, I don't think anybody wants to see Greece default. I believe these investors are wrong and they will end up losing. Greece should ignore these bets and have confidence in the...
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