Billionaire investor George Soros has warned European leaders they have a three-month window to save the Euro and insisted that the EU leaders did not understand “the nature of the crisis”. Read full article
always the same scrap:
:”“You cannot reduce the debt burden by shrinking the economy, only by growing your way out of it,” he added.:
Growing the economy means having profitable projects which create money. And the state must collect tax from the earnings.
Only to build streets and bridges and plants with fresh loans in the nowhere is contraproductive. the mobile phone company Nokia is one of the most terrible examples of investments in the nowhere: once they have consumed the public subsidies and must pay normal tax and salaries they flee the country and settle in the next cheaper one. and the community sits on its loans and unemployed workers.
Soros is only interested in the growing of his own money which he has invested in companies like Nokia.
Comments
Disclaimer & comment rulesalways the same scrap:
Jun 07th, 2012 - 07:50 am - Link - Report abuse 0:”“You cannot reduce the debt burden by shrinking the economy, only by growing your way out of it,” he added.:
Growing the economy means having profitable projects which create money. And the state must collect tax from the earnings.
Only to build streets and bridges and plants with fresh loans in the nowhere is contraproductive. the mobile phone company Nokia is one of the most terrible examples of investments in the nowhere: once they have consumed the public subsidies and must pay normal tax and salaries they flee the country and settle in the next cheaper one. and the community sits on its loans and unemployed workers.
Soros is only interested in the growing of his own money which he has invested in companies like Nokia.
willi1 (#)
Jun 07th, 2012 - 09:22 am - Link - Report abuse 0George Soros is not really a philanthropist.
The new French president seems to have the same idea idea as Soros.
But you would think with all his money he could look happier than this.
Jun 07th, 2012 - 02:57 pm - Link - Report abuse 0ChrisR (#)
Jun 07th, 2012 - 03:10 pm - Link - Report abuse 0The saying goes Money does not buy happiness but you will suffer in comfort!
Soros may well be suffering in extreme comfort.
4 Ozgood
Jun 07th, 2012 - 06:52 pm - Link - Report abuse 0One can only hope.
G.Soros understood the nature of crisis in US.
Jun 07th, 2012 - 06:53 pm - Link - Report abuse 0Yes, Max, but the government would not listen to him.
Jun 08th, 2012 - 12:43 am - Link - Report abuse 0He wrote a book on the bubble of North American supremacy.
Soros' predictions are as true as rain. He is a vampire, blood sucker, a false 'statesman”, an opportunist. Actually an imbecil!
Jun 12th, 2012 - 06:32 am - Link - Report abuse 0Commenting for this story is now closed.
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