Tuesday, April 20, 2010

Soros Sees "Death Circle" if Greek Loan Rates High

Greece needs help to beat its crisis and there is a risk it will fall into a "death circle" of recession and falling budget revenue if its borrowing costs stay highGeorge Soros told Greek Skai TV on Monday.

Soros usually talks his book. It sounds to me like he might be long the euro, which he must mistakenly believe will go up on news of a successful Greek bailout.

He is correct about a death spiral for Greece.

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