Traders make record £5bn bet against euro - papers

Market players have staked almost £5bn on declines in the value of the currency, the largest ‘short position' since it was launched, the Daily Mail reports. European governments have been drawing up plans for a possible bail-out of Greece, amid fears it could be spiralling towards debt default. Fears over public finances are also spreading to other countries where speculators believe the states will fail to honour agreements with lenders. More than 40,000 deals have been made betting against the single currency, according to analysis of figures from the Chicago Mercantile Exchange....