Tuesday 16 August 2011

That would be a very bad signal to the markets, Mr Soros


George Soros stated that Portugal and Greece should move out of the Euro. In a way, I understand his perspective. But we shouldn't have any doubt - if the EU does it, it is passing a terrible sign to the market. The sign that it will allow attacks to break up the currency union and generate speculative moves against the Euro and the new coins. It would be an incredible feast for currency speculators... The real answer is exactly the opposite move - further union, moving to "de facto" financial and stronger political "europeization".

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