rawstory.com | Germany's finance minister says his goverment is considering sending spies to London and New York to monitor the activities of currency speculators.

Finance Minister Wolfgang Schaeuble told the German Parliament on Tuesday that he may have to send spies to the world's two most important financial centers "to set up surveillance of who is getting together with whom for which kinds of speculative processes, and where,” according to a report at Bloomberg.

The move comes in the wake of Greece's debt crisis. Many European politicians and analysts blamed the crisis on currency speculation and credit default swaps, which they say caused the cost of servicing Greece's debt to jump this year, forcing the country into severe spending cuts that have led to a wave of protests and riots across the country. Greece's debt crisis, in turn, has caused the euro to plummet in value.

"A market frenzy in recent weeks saw traders make bets worth billions of dollars against the euro and on the chances of Greece not repaying its massive debts. Those market worries have undermined the currency," AP reported last week