Greece and its Debt Holders

Guardian Live - Euro: Reports that the discussions between Greece and its bond debt holders are on the brink of collapse. It is reported in the UK Times that “ Hedge funds betting on a Greek bankruptcy now control significant chunk of its debt …” ( pay wall ) thus in their interest for Greece to go belly up as they get the insurance on any default. it’s a hash business model but you can see their point, Greece is going to go sooner or later, its just a matter of time, thus these hedge funds might as well make some money out of it, they do pay tax or their corporations and their workers pay a high tax, thus supporting the welfare state, it’s a vicious world folks.