Skip to comments.Soros says Europe has 'three months' to save euro
Posted on 06/03/2012 1:32:36 PM PDT by Tailgunner Joe
AFP - Europe has three months to save the euro, billionaire investor George Soros said this weekend amid global pressure to end eurozone turmoil rocking financial markets and creating deep economic uncertainty.
"In my judgment, the authorities have a three months' window during which they could correct their mistakes and reverse the current trends," Soros said Saturday at an economics festival in Trento, Italy, naming those authorities as Germany and the Bundesbank.
"In a crisis, the creditors are in the driver's seat and nothing can be done without German support," he said, noting that public opposition to austerity in the eurozone "is likely to grow until the policy is reversed."
The remarks were posted on his website.
Greece is heading to the polls for a second time in six weeks after an inconclusive vote on May 6. And with the radical leftist Syriza party, chief opponent of a massive EU-IMF bailout accord, tipped to win this time, the election could lead to Greece quitting the single currency.
"I expect that the Greek public will be sufficiently frightened by the prospect of expulsion from the European Union that it will give a narrow majority of seats to a coalition that is ready to abide by the current agreement," Soros said, referring to June 17 polls in the debt-stricken state.
The "crisis is liable to come to a climax in the fall" of the year, he said.
"By that time the German economy will also be weakening so that Chancellor (Angela) Merkel will find it even more difficult than today to persuade the German public to accept any additional European responsibilities," said Soros.
"That is what creates a three months' window."
(Excerpt) Read more at france24.com ...
The “spooky dude” speaks!
Why do I feel a bite in the wallet from that?
Man, he’s stuck between a rock and a hard place.....can’t buy dollars because it’s so weak....can’t buy Euros because they may dissolve...can’t buy Yen because Japan is in a recession. Must be putting all his money in Mexican pesos.
I predict both the Euro and Spooky Dude will be dead by then end of September 2012. Neither will be missed by anyone but the socialists and the communists.
That is Keynesian Kode for more government control and crony spending. Soros companies would make billions more!!!
Is he going to bring on another “September Surprise” to help O’Bozo get reelected?
I don’t understand why anyone would want to save the Euro anyway. It was a bad idea from the get-go. Just recognize that simple truth and move on. The EU countries will revert to their previous currencies or some other iterations. It’s not money per se is going to disappear. It’s just going to take a different, more stable form. Maybe mankind will eventually wise up and go back on the gold standard.
You are the one who does not understand.
The Euro is the socialist dream. To retain the Euro, they will undermine the sovreignty of the individual nations and put greater power into a European President.
The people will support this as the only way to retain gov't benefits.
Hey Soros, nothing is preventing you from donating your billions to Greece. Since you like socialism so much, why
don’t you donate your billions to save it.
Is that a prediction or an ultimatum?
Soros will own Europe, and be richer all the more....Obama is his second puppet...watch as the world fall to the catastrophic levels of World War III....can we say Hitler = Soros?