Vladimír Urbánek (Kurzy.cz)
Finance  |  December 15, 2010 11:03:14

Soros advised the euro area: to saving banks, not all states

Means that the euro area and the International Monetary Fund pumped in individual euro area countries, would do better service in the form of straight lines for European banks to raise capital in the problematic situation, expressed today in the Financial Times noted financier George Soros. The project of a common currency for European countries, according to him was always part of my mistakes and it apparently already knew the creator of this concept. Currently, the euro area under the pressure of recent events allegedly almost certainly heading for the creation of a permanent institution, which should compensate for the absence of common Treasury. According to Soros, however, even this new arrangement is not flawless.

George Soros in today's article for British newspaper described the advantages of direct assistance to the European banking sector compared to partial state assistance benefitsö."If the banks were well supplied with capital, it would lead to lower deficits of public budgets and to return to previous options markets funds," he said.

Full article can be found on the server Patria Online, specifically HERE

Related messages:
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