Billionaire investor George Soros said a default of Greece may not have to result in an exit of the country from the euro area.
“Greece may pose a problem if it in fact defaults but defaulting by itself doesn’t necessarily mean they will leave the euro,” Soros told reporters in Davos, Switzerland today. “But the need to at least reach a primary surplus may force Greece out of the euro. One of the problems in Greece is that there is a powerful group that is in favor of Greece leaving the euro zone. Many owners of newspapers and conglomerates have very big interest in paying taxes in drachmas and not in euros.” (Bloomberg)
And in Greek
Why would they be in favour of that? And who are those owners?
This is just more of Soros’s Happy one world nonsense. By his own admission he enjoys stirring financial problems in countries. He owns and/or has influence TV stations and newspapers in alot of different countries. This might just be a play for ours.
Thanks for that answer. Think you are right. He is one of the biggest ‘players’ in the financial, economic and political field. So he is one of the most ‘vested interests’ that is around.
Strange thing is that the last year or so Mr. Soros seems to have gained this aura of prophet and especially in the Greek press. The thought crossed my mind: would the Greek press also see it that way if he still would use his original name Schwartz instead of his, Greek sounding, Hungarian name? 😛
Dollar was heaven in Greece once with Drachma. Maybe it could be again. Does anyone else remember with one dollar getting a taxi ride from Glyfada to Elliniko with change for a beer and a souvlaki?
oh yes, those were happy days for those who had dollars! the rest had hard times even to feed children, I can recall.
KTG, was it worse than now though? My Greek neighbors tell me that at least then the household budget was able to feed the kids, but now is worse. Of course, in Glyfada where I lived, and the people there didn’t look poor by any means, but of course Glyfada isn’t all of Greece of course. But, sometimes when you live in a country for a short time, you falsely get a snapshot of the times by the city in which you live (hence Glyfada,Elliniko seemed quite well-to-do in the 1980s/1970s).
try Drapetsona suburb for a week. They were living bad even with drachma.