EU Problems and Solutions

[Charles]

Mr Soros actually compared the Eurozone crisis to the collapse of the USSR - he said both cases had the same air of disintegration. He also said that the "plan", as we understand it, might get the single currency through the next three months, but it would not tackle the underlying problems. Growth was a massive problem. And they were going to have to write off a lot more Greek sovereign debt - not just the bonds held by private investors.

Look who get screwed first...the private investor.

Same game we play in the US, no wonder there is a shrinking middle class.

Chas