jueves, 24 de junio de 2010
Trichet Explains Why Soros Is Wrong About the Euro
Trichet Explains Why Soros Is Wrong About the Euro
"By insisting on pro-cyclical policies, Germany is endangering the European Union," Soros warned. "I realize that this is a grave accusation, but I am afraid it is justified."
"By insisting on pro-cyclical policies, Germany is endangering the European Union," Soros warned. "I realize that this is a grave accusation, but I am afraid it is justified."
Soros Says the Euro is a Flawed Construct
Soros Says the Euro is a Flawed Construct
Soros said the euro was an incomplete currency from the start as the European Union's Maastricht Treaty established a monetary union without a political union.
"The euro is a patently flawed construct," Soros, who earned $1 billion in 1992 by betting against the British pound, said in the text of a speech for delivery at Berlin's Humboldt University.
Soros said the euro was an incomplete currency from the start as the European Union's Maastricht Treaty established a monetary union without a political union.
"The euro is a patently flawed construct," Soros, who earned $1 billion in 1992 by betting against the British pound, said in the text of a speech for delivery at Berlin's Humboldt University.
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