And since most hedge funds have limited redemption periods (often no more than a 2-3 week window once per year) a largeamount of selling becomes concentrated into a relatively short period of time.
He rejected arguments that a "Shameless culture" was now part of British life, and said it was only a relatively small amount of people who were causing "a large proportion of problems in our society".
But even if it could, the relatively closed nature of the Greek economy, and the largeamount of business off-shoring that has gone on, mean a simple devaluation will not have the same benign impact as for example the UK's sterling devaluation did after 2009.