i don’t agree with a lot Soros says, but his thoughts are a clear roadmap to what politicians are being pressured towards … but even if they succeed in creating these EuroBonds, for how long will German citizens willingly fund Greek/Spanish/Italian generous social security? or how will those countries react to Germans dictating which social policies are allowable? either way this is going to get ugly
Billionaire US investor George Soros on the plagued euro: “The politicians have not really tried to fix any crisis; they have so far only tried to buy time.”
In a SPIEGEL interview, billionaire investor George Soros criticizes Germany’s lack of leadership in the euro zone, arguing that Berlin must dictate to Europe the solution to the currency crisis. He also argues in favor of the creation of euro bonds as a way out of the turbulence.
via SPIEGEL Interview with George Soros: ‘You Need This Dirty Word, Euro Bonds’ – SPIEGEL ONLINE – News – International.