Soros remarks on Europe

[turar]

http://www.georgesoros.com/interviews-speeches/entry/remarks_at_the_festival_of_economics_trento_italy/

 

[woodstove]

Very thoughtful.  Thanks for posting that.

[jjsto]

Was about to post that.  good stuff.  thanks.

[Liberty]

Very interesting, thanks.

[nkp007]

Great piece.

 

My interpretation:

-Germany is eventually going to have to care enough to save the EU because if they don't, they're going to suffer a lot via an overly-strong currency and significantly reduced regional demand.

 

-They need to act soon. Bandaid theory. One big swipe.

 

-I think that everyone has been thinking about the outcomes at least from 2010. The levels of preparation by global banks and businesses should significantly brunt the impact. The main damage is not from an unexpected sudden change, but the slow draining of capital and liquidity from lower tier European countries.