Soros: 3 Months to Euro Collapse
By: Kevin Cook
On Saturday, famed hedge fund billionaire and economic theorist George Soros gave a speech in Trento, Italy before the Festival of Economics about the European financial crisis. It’s quite long, but still well worth reading because his understanding of Europe’s problems is clear and deep. You can find it on his site GeorgeSoros.com.
Some of the controversial headlines that have been drawn out in Reuters and elsewhere are that Germany and its central bank are unlikely to lead the way out of the euro zone debt crisis within three months time, after which it will be too late and thus they threaten to destroy the European Union and plunge it into a lost decade like Latin America in the 1980s.