Wednesday, April 25, 2012

Soros: Europe Facing Soviet-Style Collapse

From: Steve W.
Sent: April 25, 2012
To: undisclosed recipients
Subject: Fw: Soros: Europe Facing Soviet-Style Collapse

SEE ALSO - George Soros: Top 10 Reasons He Is Dangerous - HUMAN EVENTS
Apr 2, 2011 ... The admitted megalomaniac funds a zillion-dollar left-wing radical agenda machine.
http://www.humanevents.com/article.php?id=42674 - Cached

GEORGE SOROS (ONE OF THE MOST EVIL MEN IN THE WORLD) AND HIS PUPPET BARACK HUSSEIN OBAMA ARE TRYING THEIR BEST TO DESTROY AMERICA. WE MIGHT WAKE UP ONE MORN ING AND SAY ‘BOY, I DIDN’T SEE THAT ONE COMING. . . . .’ WELL IF THINGS DON’T CHANGE – MARK IT DOWN IN YOUR LITTLE BLACK BOOK – BAD THINGS ARE COMING.

Soros: Europe Facing Soviet-Style Collapse

Tuesday, 24 Apr 2012 04:06 PM

Soros
By Forrest Jones

The eurozone is in danger of collapsing in a manner similar to the old Soviet Union, which fell apart amid a crumbling economy that led to social upheaval, says billionaire financier George Soros.

"Europe is similar to the Soviet Union in the way that the euro crisis has the potential of destroying, undermining the European Union," Soros said at a debate on public policy in Budapest, according to The Wall Street Journal.

"With the profound social, economic and moral crisis that Europe is in, we can see a similar process of disintegration."
Soros has made similar calls in the past, including recently in Denmark.

"I'm afraid that the euro crisis is getting worse. It's not over yet, and it is going in the wrong direction," Soros said recently, according to Reuters.


"The euro is undermining the political cohesion of the European Union, and if it continues like that could even destroy the European Union," Soros said.

Soros recently called on Germany to do more to fight the crisis, according to an interview published in the weekly newspaper Welt am Sonntag.

"The Germans should decide if they want the euro or not. If so, they have to carry out financial transfers. If not, they should leave the eurozone," Soros told the weekly, as picked up by the AFP newswire.

If Germany chooses to ditch the eurozone, Soros warns, the country's exports would suffer as the "new German currency would find itself at a high value."

European central bankers have taken steps to stimulate the economy, including intervening in government bond markets to push down borrowing costs and also by making cheap credit available to the continent's banks.

Some monetary policy officials warn, however, that the European Central Bank (ECB) can do no more and that it's up to governments to right their ailing economies even if it means pushing through politically unpopular spending cuts and tax increases.

"Monetary policy is not a panacea, and central bank firepower is not unlimited," particularly within the constraints of a currency shared by 17 countries, says Jens Weidmann, Germany's top central banker and a member of the ECB's governing council, according to the Associated Press.

Calls for the ECB to intervene in bond markets have been growing now that the crisis has spread from Greece to the larger Spain, which some feel may be tough to bail out due to its size.

Many ECB officials hesitate to intervene, pointing out doing so would push up inflation rates and violated the bank's mandate.

"The analgesic we administer comes with side effects," Weidmann says, the AP adds.

"And the longer we apply it, the greater these side effects will be, and they will come back to haunt us in the future."


No comments:

Post a Comment

Don't be shy. Leave a comment below and tell the world what you think.

Related Posts Plugin for WordPress, Blogger...

Our Sponsor: Rosa For Life

Treat yourself as though you were at a spa with this soft cotton bath hair wrap. It dries hair quickly, is water absorbent and washable. The soft cotton fabric dries quickly and will be ready for your next hair washing.

- Made of Soft Premium Cotton.
- Just twist, flip and button. Easy to use.
- It makes a perfect gift for the girls in your life.
Made by Rosa For Life in the USA.

The Rosa For Life brand takes pride in providing you with the highest quality in material and craftsmanship. You will not be disappointed with the high quality and comfort of your Rosa wrap.

These also make great gifts for the girls in your life. Each Rosa wrap is packaged in a nice white gift box, including gift tissue paper. All you have to do is gift wrap or place in a nice gift bag.



Customer Reviews 

Stumble It!

Follow Us By Email