Soros: Euro Or Implosion Will Cause The Global Economy To Plunge Into The Great Depression.

George Soros, the US billionaire and international financial giant, said the collapse of the euro could trigger a global financial crisis and the global economy would plunge into the great depression. Soros, Soros On the 15 day, eurozone leaders did not accept Euro bonds, and the euro could implode.

According to LHebdo's 18 interview with Swiss magazine, Soros said, "in my view, people still do not understand the consequences of the collapse of the euro. This may lead to a banking crisis and eventually lead to total loss of control. "

In addition, Soros also said that Europe's future depends on Germany, and Germany should propose solutions for the euro area.

Soros pointed out on the 11 day that the global market has entered a crisis mode, and the financial market is full of uncertainty. The EU policy makers' efforts to solve the European debt crisis are far from reassuring investors. As far as circumstances are concerned, only Germany can save the whole eurozone, Germany must take practical action to defend the euro.

At the same time, Soros strongly advocated. Euro District leaders accept Euro bonds to better solve the European debt crisis. Soros pointed out that Germany and other credit rating AAA countries must accept some form of euro bond mechanism. Otherwise, the euro will not survive. The collapse of the euro will trigger a banking crisis which the global financial authorities can hardly control.

Soros pointed out last Friday that if euro zone leaders could not accept the principle of debt integration, the euro could "implode".

However, German Chancellor Merkel and French President Sakorzy refused to issue Euro bonds at the 16 day summit. Both leaders said that euro bonds were not an effective way to solve the European debt crisis. Only in the case of fiscal consolidation in the euro area could Euro bonds be considered.

At the same time, Soros said, if you want to keep the euro, then Europe debt The crisis solution must consist of three parts: banking system reform, Euro common bond plan and exit strategy.