Believing the EU crisis has passed (or, for the cynical, believing it's about to get a lot...
Believing the EU crisis has passed (or, for the cynical, believing it's about to get a lot worse), Goldman pulls off its hedge. Originally opening a trade 2 weeks ago to go long Spanish 5-year paper against a short in equivalent Italian debt, Goldman makes it a naked long, calling it one of the firm's top tactical trades of 2013.
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