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George Soros: The New Euorzone Debt Deal Will only Last Between "One Day and Three Months"

October 31, 2011 | About: FXE +0% SPY +0% DJI +0%

Veteran investor George Soros has attacked the lack of leadership at the top of the eurozone and said that the new Brussels "deal" to solve the debt crisis will only last between "one day and three months".

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Charlie Tian, Ph.D. - Founder of GuruFocus. You can now order his book Invest Like a Guru on Amazon.

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Comments

skal401
Skal401 premium member - 5 years ago


Like him or not, Soros gets it right more often than not. He has a 40 year track record of proof.
AlbertaSunwapta
AlbertaSunwapta - 5 years ago    Report SPAM
Hilarious!!! Soros seems to have been proven right in only 5 days. We'll have to wait and see. :-)

However, for the sake of the world's security and human rights, it's too bad that China and other dictatorships seem to be receiving so much anti-Democracy ammunition handed to them on silver plates.

There may though be a silver lining to the vote issue - proving democracy in Greece is still intact. If Munger was right in saying the US bailouts were necessary as he alluded to the rise of extremists like Hitler in the 1930s during depressions, this might be the right move in Greece to avoid an overthrowing of their democracy and the rise to power of some extremist group. After all, this is just money.

Greek Vote Gamble Said to Stun Euro Partners

By Brian Parkin - Nov 1, 2011 5:42 AM MT

http://www.bloomberg.com/news/2011-11-01/greek-referendum-decision-blindsided-european-partners-merkel-allies-say.html

"Greece’s decision to call a referendum on its five-day-old bailout blindsided its European partners and placed another hurdle in the way of efforts to staunch the debt crisis.

The announcement came “out of the blue, it’s surprising, very..."

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