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George Soros Sees Potential for a Currency War

January 25, 2013 | About:

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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