Euro Bailout George Soros Greece

GEORGE SOROS: GREECE CAN NEVER PAY BACK ITS DEBT…….

 

The evil one speaks.

George-Soros_Dr-Evil

The point of interest for me is that Soros predicts a rebound for Greece, ”I can testify from personal experience that investors would flock to Greece once the debt overhang is removed.” But remember folks, taxpayers all around Europe stand to be the big losers, not Soros.

NOTE: It’s galling to know that our politicians who engineered the bailouts will never be held accountable once the money is officially lost for good.

soros- greece can never pay back its debt 8.10.2013

Should Greece have a large part of its debt waived? Absolutely, says George Soros, otherwise the country will never recover. The billionaire investor also warns about the rise of extremist parties if Germany does not change its policies towards Europe.

Legendary US investor George Soros has called for comprehensive debt relief for Greece. “Everyone knows that it can never pay back its debt,” he said in an interview with SPIEGEL ONLINE. Greece is close to a primary budget surplus after a lot of pain and suffering, says Soros, whose speculation against the pound forced the UK to withdraw from the Exchange Rate Mechanism in 1992.

“If the official sector could forgo repayment as long asGreece meets the conditions imposed by the troika [of the International Monetary Fund (IMF), European Central Bank (ECB) and European Commission],” Soros added, “private capital would return and Greece could rapidly recover. I can testify from personal experience that investors would flock to Greece once the debt overhang is removed.”

More here.

END THE E.U.

collapsing EU

Leave a Reply

Your email address will not be published. Required fields are marked *