Post by Klington on Jun 30, 2011 22:19:01 GMT -5
www.arabianmoney.net/gold-silver/2011/06/27/world-on-the-verge-of-an-economic-collapse-says-soros/
Billionaire hedge fund giant George Soros told a panel discussion in Vienna that the world faced a monetary meltdown focused on Greece and that the crisis was developing in front of our eyes.
‘We are on the verge of an economic collapse which starts, let’s say, in Greece, but it could easily spread, he said. ‘The financial system remains extremely vulnerable…
‘I think most of us actually agree that Europe’s crisis is actually centered around the euro. It’s a kind of financial crisis that is really developing. It’s foreseen. Most people realize it. It’s still developing. The authorities are actually engaged in buying time. And yet time is working against them.’
No Plan B.
‘We are on the verge of an economic collapse which starts, let’s say, in Greece, but it could easily spread, he said. ‘The financial system remains extremely vulnerable…
‘I think most of us actually agree that Europe’s crisis is actually centered around the euro. It’s a kind of financial crisis that is really developing. It’s foreseen. Most people realize it. It’s still developing. The authorities are actually engaged in buying time. And yet time is working against them.’
No Plan B.
