3 Months To Save Euro Soros
Published / Last Updated on 05/06/2012
3 Months To Save Euro Soros.
Billionaire investor George Soros has told European leaders they have only 3 months to rescue the single currency.
He believes that Greece would elect a government that will abide by the austerity measures imposed by the European Union, but this would only provide a temporary respite, as Germany becomes less willing to bail-out its neighbours.
According to Soros, the crisis is likely to come to a head in the autumn as by that time, the German economy will also be weakening, so Chancellor Merkel will find it even more difficult to persuade the German public to accept any additional European responsibilities - this is what creates a three-month window.