18 August 2011. Time is running out for the eurozone. Unless a euro-bond regime of one kind or another can be reached, the euro will break down. As the EU’s largest and best-rated economy, Germany has a critical role to play in Europe’s future. But the Germans are not willing to accept any level of responsibility. Till the day they do, Europe is headed towards a breakdown of the euro that will precipitate a banking crisis beyond the control of global financial authorities.Read more
Chairman of the Soros Fund Management. Famously known as “The man who broke the Bank of England”.
18 July 2011. On 1 November 1993, the European Union was formally established with the Maastricht Treaty – a culmination of a vision that began over 50 years ago when a small group of European politicians recognised the need for greater European integration to combat the wave of extreme nationalism that devastated the continent during World War II. Yet today in the face of a deepening debt crisis, Europe stands divided. George Soros, chairman of Soros Fund Management, warns that unless a Plan B is adopted, Europe faces “incalculable consequences.”Read more