France, historically the most self-interested of the Eurozone nations appears to be betting against the continent’s bailout package and its neighbors’ and their economic survival.  They are choosing short gain over the region’s long term prospects.

According to Zero Hedge, it “has received confirmation that several of the largest French banks are now actively shorting the euro to take advantage of globalized moral hazard, which with every ensuing bailout does nothing but make the bonuses of French FX traders surge.”

Douglas A. McIntyre