Edition:
United States

George Soros

A path through Europe’s minefield

Oct 13 2011

The banking system needs to be guaranteed first, and recapitalized later. Governments cannot afford to recapitalize the banks now; it would leave them with insufficient funds to deal with the sovereign-debt problem.

Does the euro have a future?

Sep 14 2011

The euro crisis is a direct consequence of the crash of 2008. When Lehman Brothers failed, the entire financial system started to collapse and had to be put on artificial life support.

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