Skip to main content

George Soros Doesn't Want To Alarm Anybody But...

Greece is in the toilet.
  • Author:
  • Updated:

The Hellenic Republic has seen better days.

“You can keep on pushing it back indefinitely,” making interest payments without writing down debt, Soros said. “But in the meantime there will be no primary surplus because Greece is going down the drain.”

Related, things are looking equally not so hot in the Ukraine.

Without more external financial assistance the “new Ukraine” probably will gradually deteriorate and “become like the old Ukraine so that the oligarchs come back and assert their power,” he said. “That fight has actually started in the last week or so.”

Soros Says Greece Now Lose-Lose Game After Being Mishandled [Bloomberg]