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Three Months to Save the Euro: George Soros
Posted By admin On June 4, 2012 @ 3:21 am In Money Watch | Comments Disabled
June 4, 2012
Euro-zone governments have around three months to ensure the survival of the single currency, billionaire investor George Soros said in a speech on Saturday.
“We are at an inflection point. After the expiration of the three months’ window, the markets will continue to demand more but the authorities will not be able to meet their demands,” he warned in a speech at the Festival of Economics in Trento, Italy. (Read the text of his speech .)
The European Union is “like a bubble” – not a financial bubble but a political bubble — that could pop as a result of the euro -zone crisis, Soros said.
“In the boom phase, the EU was what the psychoanalyst David Tuckett calls a ‘fantastic object’ – unreal but immensely attractive,” he said.
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URL to article: http://www.prisonplanet.com/three-months-to-save-the-euro-george-soros.html
URLs in this post:
 CNBC: http://www.cnbc.com/id/47642499
 Read the text of his speech: http://www.georgesoros.com/interviews-speeches/entry/remarks_at_the_festival_of_economics_trento_italy/
 Soros warns euro crisis could destroy the EU: http://www.prisonplanet.com/soros-warns-euro-crisis-could-destroy-the-eu.html
 Euro Debt Crisis Is Worse Than US in 2008: George Soros: http://www.prisonplanet.com/euro-debt-crisis-is-worse-than-us-in-2008-george-soros.html
 Man who broke the Bank of England George Soros ‘at centre of hedge funds betting against crisis-hit euro’: http://www.prisonplanet.com/man-who-broke-the-bank-of-england-george-soros-at-centre-of-hedge-funds-betting-against-crisis-hit-euro.html
 ‘Probably inevitable’ a country will exit euro: Soros: http://www.prisonplanet.com/%e2%80%98probably-inevitable%e2%80%99-a-country-will-exit-euro-soros.html
 Why People Are Going Nuts Over The New George Soros Speech On Europe: http://www.prisonplanet.com/why-people-are-going-nuts-over-the-new-george-soros-speech-on-europe.html
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