George Soros gives an explanation of the development of the spread between Spanish and German borrowing costs (red line) as well as Italian and German borrowing costs (blue line), going back to 1980. more »
Soros proposes not an immediate recapitalization of the banking system but guarantees by the Eurozone member states with the ECB playing a major role in the first phase:
..."Governments can, however, provide a credible guarantee, given their power to… more »
George Soros urges Euro Leaders to take bold steps. In a column on "Project Syndicate" he proposes three steps:1) Governments of the Euro Zone must a agree in principle on a treaty creating a common treasury2) In parallel, banks must be put u… more »
The euro crisis is a direct consequence of the crash of 2008. When Lehman Brothers failed, the entire financial system started to collapse and had to be put on artificial life support. This took the form of substituting the sovereign credit of government… more »
For our growing new visitor base we give you the hint that we have in our Econ section a great search index related to personalities and economic opinion leaders (mainly economists). If you click on the names you get to related posts on MarketObservation… more »
How Germany can avoid a two-speed Europe
By George Soros
The “euro crisis” is generally seen as a currency crisis, but it is also a sovereign debt and, even more, a banking crisis. The situation is complex. The complexity has bred confusion, and… more »
Here is a link to an insightful new article by George Soros on Project Syndicate:
Project Syndicate: Making the Euro Whole, by George Soros, Dec. 20, 2010
The architects of the euro knew that it was incomplete when they designed it. The euro had a… more »
http://video.ft.com/v/628298092001/Soros-warns-of-trade-wars-and-double-dipthe interview was published on October 7, 2010Keywords: George Soros, Martin Wolf FT, Currency Situation, Financial Regulation, Deficits, China more »
Billionaire investor George Soros tells CNBC the world is headed toward an economic slowdown in 2011 and politics is going to prevent US leaders from passing much needed fiscal stimulus.
Airtime:… more »
China must fix the global currency crisis
George Soros
Financial Times October 8, 2010
I share the growing concern about the misalignment of currencies. Brazil's finance minister speaks of a latent currency war, and he is not far off the mark. It… more »
Project Syndicate: Premature Virtue, by George Soros, October 5, 2010
The Obama administration’s insistence on fiscal rectitude is dictated not by financial necessity, but by political considerations. The United States is not one of Europe’s heavily i… more »
The Economist: Hedge fundsBigger, safer but duller; A secretive industry opens up to meet the demands of investors and regulators, August 26, 2010FOR much of the past two years hedge-fund managers have tried to convince queasy investors not to give… more »
CNBC: George Soros Warns About Greek 'Debt Spiral', April 14, 2010
George Soros has warned that the joint European Union/IMF rescue package for Greece may not be enough.
The legendary investor who forced the pound out of the Exchange Rate Mechanis… more »
NYT: Big Hedge Funds Said to Bet Against Euro, Feb. 26, 2010
"Apparently, the euro has some hedge-fund heavies on its tail.
According to The Wall Street Journal, some major hedge funds are betting against the European single currency, following a c… more »
Project Syndicate: The Greek Conundrum by George Soros
The euro is a unique and unusual construction whose viability is now being tested. Otmar Issing, one of the fathers of the common currency, correctly stated the principle on which it was founded:… more »
NYT: Soros Endorses Obama’s Plan on Banks, Jan. 27, 2010
DAVOS, Switzerland — The billionaire investor George Soros said on Wednesday that he supported President Obama’s proposal to limit the size of banks. But he warned that it was too early to put s… more »
Gulf Times: World needs new financial architecture, by George Soros/New York, Nov. 8, 2009Twenty years after the fall of the Berlin Wall and the collapse of communism, the world is facing another stark choice between two fundamentally different forms… more »