Saturday, November 18, 2017
 
 
News: Page (1) of 1 - 01/25/12 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook
Soros: Stronger action to stop Europe debt crisis
Soros says Italy, Spain need firewall and stimulus to limit Europe's crisis
By The Associated Press

DAVOS, Switzerland (AP) ' Philanthropist and former financier George Soros is urging European authorities to take more decisive action to protect the economies of Italy and Spain from financial strain.

He said at the World Economic Forum on Wednesday that the "half measures" adopted so far are insufficient to bring them back to growth.

Labeling Germany a task master imposing its strict anti-inflationary viewpoint on the rest of the continent, he said that weaker countries of the eurozone have been "relegated to the status of third world countries" having to pay back debts in a foreign currency.



He voiced fear that unrealistic demands placed on the weaker economies will exacerbate political tension within the European Union and proposed issuance of joint eurobonds.


Page: 1


 
 
 
 
 
 
 
 
 
 
 





Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines