SLOG’S HEDGE FUND WARNINGS CORROBORATED BY FT

George Papandreou will announce £4.5 billion of additional anti-deficit measures today, The Slog has learned.

Sources in the European credit management sector confirmed early this morning that the Greek Government will try to calm market nerves today with further austerity measures. We understand they will amount to between four and five billion pounds.

And in a separate development, the FT this morning confirmed The Slog’s recent reports about Hedge Funds ‘raising their bets’ against the Euro.

See also this story about Britain’s loss of Triple-A status from yesterday’s Slog.