DAVOS/SWITZERLAND, 27JAN10 – George Soros, Chairman, Soros Fund Management, USA, captured during the session ‘Rebuilding Economics’ of the Annual Meeting 2010 of the World Economic Forum in Davos, Switzerland, January 27, 2010 at the Congress Centre. (Photo credit: Wikipedia)
This is a an excellent, MUST READ article by the famous, financial speculator, George Soros. Check it out!
The Shifting Challenges Of The World Economy.
Soros is highly critical of the actions of Angela Merkel in relation to the Euro. He describes how all the power in Europe has shifted to the debtor countries, at the expense of weaker creditor countries. AND Germany’s actions, he argued, has perhaps unintentionally created a political backlash across Europe – this, he likened to when France insisted on German reparations, post WWI, and the latter led to the rise of Adolf Hitler and German Nazism.