FOREX - Trends, Forecasts and Implications (Episode 16: June 2012) - page 42
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Soros says euro will last until autumn, says Germany is exhausted
The old rogue is still moonlighting and wishing he had collapsed the mark?
Soros says euro will last until autumn, says Germany is exhausted
That's not what Merkel says:
On Monday, June 4, the euro is trying to regain its footing at the opening of trading in Europe. This is aided by statements made by officials over the weekend.
Thanks to the good economic situation, the Federal Republic of Germany can meet its budget deficit reduction target two years earlier than originally planned. German Chancellor Angela Merkel made the announcement while highlighting the 2013 budget.Europe has no more than three months to save the single currency. According to the French 24 TV channel, this opinion was expressed by the American billionaire investor George Soros.
The financier made his forecast in a speech about instability in financial markets, which together with the crisis consequences are very painful for the single European currency.
"My view is that the authorities have a time window of three months. During this time, they can correct their mistakes and review policies," Soros said at an economic festival in Trento, Italy. As he explained later, by the authorities he meant the German government and the leadership of the Bundesbank.
"In times of crisis the creditors take the helm, without Germany and its support nothing can be solved here," the billionaire explained his position.
According to assessments of J.Soros, Germany will exhaust its safety margin by autumn and Chancellor Angela Merkel will not succeed in gaining public support for the efforts the country is making to save its allies. That is why Europe's deadline is running out within three months.
"The European authorities still do not understand the cause of their crisis. They believe that it is a budgetary problem, while it is more a problem of the banking sector and the problem of competitiveness of production," Soros said.
Soros also touched on Greece's exit from the eurozone. "I expect that Greek citizens are in unpleasant anticipation of a possible exit from the European Union (perhaps referring to the eurozone). This is likely to happen if a coalition seeking to abandon earlier agreements wins a majority again," the financier said.
Thank you, Margaret. By autumn it is very possible.
Is the old rogue still moonlighting and wishing he had collapsed the brand?
Hands off Jorik)))
Soros says euro will last until autumn, says Germany is exhausted
That's not what Merkel says:
On Monday, June 4, the euro is trying to regain its footing at the opening of trading in Europe. This is aided by statements made by officials over the weekend.
Thanks to the good economic situation, the Federal Republic of Germany can meet its budget deficit reduction target two years earlier than originally planned. German Chancellor Angela Merkel made the announcement as she spoke about the 2013 budget.It is easier for Germans... everything is more or less fine-tuned there (discipline, laws, etc)... but the eurozone (small countries) is something else... Greeks have been pouring money into non-existent invalids (dead souls)... if you give them money they will do something for the economy... i doubt it... and if they issue bonds again, the small countries of the union will have to go again and germany will have to clean it up...
Soros says the euro will last until the autumn...
And Merkel says otherwise...
So the situation is this:
Soros stands at 1.21, Merkel at 1.29.
Place your bets :)
The dollar is too weak I think.
2012/06/04 14:59:31 EUROPEAN CURRENCY MARKETS TECHANALYSIS: The US dollar is showing short-term weakening
And this should be taken advantage of on all fronts on both gold and oil
Hands off Zhorik)))