Soros believes that the E.U. has to remedy the crisis in 3 months

Note: This section contains information in English only.
Source: Marketwatch

George Soros, Soros Fund Management Chairman, considers that the E.U. has a period of 3 months to resolve the financial crisis until the market can no longer afford to provide it with time. However, at the same moment is it highly likely that the euro will survive as the key currency. Further, Soros believes that the borrowing costs should be eased for countries that received vast amounts of debt; yet, the issue remains in persuading Germany that these steps present benefits for it as well. Moreover, the rationale behind maintaining the euro is in fact in the interest of Germany; otherwise, the revival of the Deutschmark would most probably make its export companies less competitive.

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