Friday, April 22, 2011

London trader faces Interpol over Greek debt email

BBC News
April 21, 2011

The Greek authorities have asked Interpol to question a London trader over an email he sent which talked of the high chance of a Greek default.

The email, published in a Greek newspaper, refers to "increased noise" over a Greek debt restructuring as early as Easter.

Greece is highly sensitive to allegations it may not stick to strict repayment terms on its recent bail-out.

The finance ministry says the incident amounts to "possible criminal conduct".

Greek police say the email was sent from the desk of a Citibank trader in London.

Citibank said in a statement: "We are co-operating with the authorities and do not consider there to have been any wrongdoing by Citi or its employees."

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