It’s being said that George Soros is the coordinator of the speculative attack against Greece and the euro area after his strong declarative attacks over the years on this topic. Greek media called him to ask him what he thought about it. The speech was the same. “Greece is in a terrible situation and is facing possible bankruptcy”, said the investor/philanthropist George Soros, who added that Greece’s debt is so large that half of it should be restructured. If Greece bankruptcy will not be controlled, it may collapse the global credit system that will bring a global recession”.
Many voices say about the famous businessman and investor George Soros that he is the stage director of the attack against Greece and other weaker eurozone economies. What is the reason?
Since the beginning of the crisis in Greece, George Soros came out several times with very acidic statements at the euro area and Greece, the basic ideas were Greece may enter “into a new spiral of death” or that the euro area could face other problems, higher than Greece’s. Greece still faces the danger of entering a “death spiral”, as the cost attached to foreign aid package prepared by the leaders of the euro area is too large, said the billionaire George Soros on the crisis. This was stated when Soros was talking about a package of only 30 billion euros for Greece, not 200 billion as it is now.
George Soros is a billionaire investor who, in 1992, made a profit of one billion dollars from speculation on the British currency, when the Conservatives had to get the Sterling Pound out of the ERM because they were no longer able to keep it above the minimum allowable limit. Soros Fund Management, the investment fund owned by George Soros, would have bet huge sums on the depreciation of the euro, as the British press have written, bets that would have brought the fund earnings of billions of euros, which explains the investor’s statements.