Soros on GPS: EU faces a lost decade / Greece is a sick situation / Obama deserves a second term
from Bloomberg..
“Right now the European Union and particularly the heavily indebted countries face a lost decade,” Soros said. “It might actually be longer than a decade because Japan that had a similar situation with the real estate boom and the banking crisis has had now 25 years of no growth,” Soros said.
“That will create tensions within the European Union, which could destroy the European Union,” he said. “And that’s a real danger.”
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“Greece is a sick situation” that has been “mishandled” by European authorities and “will continue to be an irritant and a problem for Europe,” Soros said. The European Union, once a desirable objective, has become “more of an imposition,” he said.
-snip-
President Barack Obama, who has done a “mixed job”, deserves a second term, Soros said.
“The problems that he inherited, because he came in immediately after a financial crisis, were bigger than any president could have immediately remedied,” Soros said. “So, whoever gets elected now has a much better chance of being successful than Obama had.”
more: http://www.bloomberg.com/news/2012-02-11/soros-says-greek-bailout-not-enough-to-rid-europe-of-danger-.html
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Some interesting comments from Soros. The RW hates this guy with a passion. I think they simply cant come to terms with a rich succesful billionaire who supports iberal/progressive causes.