Thursday, September 15, 2011

Does the Euro Have a Future?

George Soros attempts to answer his question. If the euro has no future, the implications are disastrous for all concerned. In order for the euro to have a future tough steps will be necessary. Trying to buy time, in the hope that the crisis will end without taking stronger measures, has only made things worse. Soros believes that Germany and other countries need to think clearly about the abyss that they would face if the euro fails. Only by viewing the abyss, and exposing it to the public, will they be able to take the political steps that are necessary, but not popular with the public.

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