FT: Greeks ban hedge funds in bond sale

Greece ordered its bankers to exclude hedge funds from a bond offering this week in an effort to punish the speculators it blames for destabilising its debt markets.
The decision came amid growing anger among European leaders over what they see as the role speculators played in undermining the Greek debt market and driving the country towards a possible default.
In a meeting in Berlin on Friday Angela Merkel, the German chancellor, and George Papandreou, the Greek prime minister, promised a joint push both in the European Union and the Group of 20 leading economies to clamp down on speculators who seek to exploit uncertainty over sovereign debt.