Ahead of the curve? Paulson takes stakes in Greek banks

Paulson (pictured) and other hedge fund managers have bought in to the Greek banking sector and are pushing for a faster reprivatisation of some of its leading players, according to reports. The high-profile investor told the Financial Times he has "substantial" stakes in Piraeus and Alpha, both of which are 80% owned by the government following a fresh round of recapitalisation earlier this year.  The sector has long been avoided by investors because of the fragile state of the wider Greek economy, forced to accept a series of bailout deals in recent years. Greek banks suffered s...