Germany’s resistance to a banking union and stimulus measures is in the way of a solution to Europe’s debt crisis, and could turn this week’s meeting of the region’s leaders into a “fiasco”, according to billionaire investor George Soros.
Concerns about the soundness of the E.U. and its single currency have been roiling financial markets of all kinds on and off for more than a year.
Euro-zone governments have around three months to ensure the survival of the single currency, billionaire investor George Soros said in a speech on Saturday.
Major liberal donors including George Soros are preparing to inject up to $100 million to aid Democrats’ chances this fall,but their strategy differs from that of the GOP, the New York Times reports.
With borrowing costs for the euro zone’s peripheral nations rising and a battle over growth versus austerity set to dominate politicians' attention, two leading contrarians have taken aim at the current policy response. 1st paragraph goes here
Raging malcontents with picket signs torching buildings, attacking police and obliterating the social order—that's what billionaire, leftist and one-percenter George Soros is forecasting for America and the Occupy movement.
Despite recent actions by European regulators, billionaire investor George Soros told CNBC's Maria Bartiromo, more is needed to safeguard the teetering euro zone amid a possible Greek default.
George Soros, Soros Fund Management chairman, explains why the European debt crisis could be worse than the 2008 crisis in the U.S. While Europe has a common central bank, he points out, it has no common Treasury. By contrast, the U.S. had the authorities in place to deal with its financial crisis in 2008, he tells CNBC's Maria Bartiromo.
World markets may be riddled with uncertainty, but billionaire investor Jim Rogers anticipates gains in one sector for years to come.
About $2 billion worth of European bonds owned by MF Global were bought by billionaire investor George Soros's family fund, the Wall Street Journal wrote on Friday, quoting people close to the matter.
Billionaire investor George Soros believes the euro zone bond market is facing a similar situation to the banking system in 2008 and wants the European Central Bank to step in to stop a self-fulfilling crisis of confidence.
Perhaps the most surprising thing about Occupy Wall Street is that it is a financial success. In just four weeks since the protest began, it has raised well over $200,000 and collected far more than that in donated food and clothing.
Billionaire investor George Soros and 95 prominent politicians, business leaders and academics urged euro zone leaders to take swift action to resolve the crisis plaguing the region, calling for the creation of a euro zone treasury and stressing that the euro can only be saved if all 17 countries that share the currency act in unison.
Lost in much of the rancor and hand-wringing over the debt crisis in the European Union and the US is that it's not just those two regions that will be affected.
Europe lacks the same mechanisms that the US had to deal with its financial crisis three years ago, making the dangers even greater, billionaire investor and activist George Soros said.
Official estimates on how big the "EuroTARP" EFSF fund would have to be in order to stabilize banks and European markets in the event of a Greek or other default are out.
Billionaire investor George Soros said he believed the United States was already experiencing the pain of a double dip recession and that Republican opposition to Obama's fiscal stimulus plans was to blame for sluggish growth.
"You could have two or three of the small countries default or leave the euro," George Soros, Soros Fund Management chairman, tells CNBC's Maria Bartiromo.
Soros Fund Management, the $25 billion hedge fund co-founded by legendary investor George Soros, has named Scott Bessent as its new CIO, according to an investor letter obtained by CNBC.
Joint euro bonds are needed to solve the euro zone debt crisis, Societe Generale’s head of research, Patrick Legland, told CNBC Thursday.