SPIEGEL: What, then, needs to be done to fight this crisis?
Soros: I think there is only one choice. It is not a question of whether Europe needs a common currency. The euro exists, and if it were to break apart, all hell would break loose. Germany has to make it work. To make it work, you have got to allow the members of the euro zone to be able to refinance the bulk of their debt on reasonable terms. So you need this dirty word: “euro bonds”. But when you study what it involves to have euro bonds, you really have a problem because each European country remains in control of its own fiscal policy, and you have to rely on the country to meet its financial obligations.
You Need This Dirty Word, Euro Bonds [Spiegel]
"euro bonds" was the safe phrase George and I used.
- Adriana
Long champagne/short tear gas…ahead of tomorrow in Europe. No wait…best two out of three coin flips determines it.
Brett Michaels & George Soros Euro Tour….imagine all of the bitches those two could get together!
Seeing as how Merkel is German, there is a high probability she would like some choking and Cleveland Steamers. As far as broken lamps, we are at a loss.
-SEC Quant
I dunno Georgey, look what happened the LAST time Germany "had to make it work"…
- Guy who would NEVER use euro bonds to tie brazilian chicks to the kid's table
Hey Bess, go easy on Soros already — he's got severe case of low blood pressure… 80 over 28 !
80 over 28 EXCELLENT
What? Color-coded armbands worked well I thought. They just needed t keep it on the dl Could have used them for the Brazilian inamorata too.