2012-04-18cnbc.com

John Paulson, the billionaire hedge fund manager who foresaw the collapse of the US housing market, is shorting German government bonds in a wager that the euro zone debt crisis will significantly deepen in the coming months.

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The 56-year old hedge fund manager, who oversees $24 billion at his New York-based firm Paulson & Co, believes that problems for the Spanish government will spill over to threaten the stability of the euro zone as a whole.

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Mr. Paulson's bearish view is shared by the head of world's largest hedge fund manager, Ray Dalio, whose Bridgewater Associates recently issued a note to clients saying that Spain was worse off than it was last year.


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