Guardian (January 25, 2012)
“The euro fell sharply on the foreign exchanges today after the legendary speculator George Soros said that growing economic and political tensions could destroy the European Union.” At the World Economic Forum in Davos, other economists have added their voices to his warnings. Soro’s said, “Unfortunately, the European authorities had little understanding of how financial markets really work, and did everything wrong.” He pointed out that Greece is now on the verge of default.
The Telegraph (October 31)
“Veteran investor George Soros has attacked the lack of leadership at the top of the eurozone and said that the new Brussels ‘deal’ to solve the debt crisis will only last between ‘one day and three months.’” Soros points out faults. The 50% Greek debt cut will actually only amount to 20%. Banks may not agree to the terms, hoping to collect on their credit default swaps. And clueless European leaders have again responded with “too little too late.”
