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All right, we have some George Soros action. Here is what the great man is thinking today:
- He thinks Germany has done what is necessary to make it clear that the euro is here to stay which has been a huge relief to the markets.
- The European interbank market has revived and the feeling is the crisis is over, which Soros thinks is premature.
- Soros sees political dangers ahead as the euro has transformed the European Union into something very different than what was intended.
- Europe now has a situation where the weaker countries are the debtors and rely on the kindness of the stronger countries; this is not a situation for long-term stability.
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