George Soros
George Soros is Chairman of Soros Fund Management and of the Open Society Institute.
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2012-01-25
| The measures introduced by the European Central Bank last December have relieved the liquidity problems of European banks, but have not cured the financing disadvantage of the highly indebted member states. Since high-risk premiums on government bonds endanger the capital adequacy of banks, half a solution is not enough.... read |
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2011-12-19
| The EU's response in 2011 to the eurozone debt crisis showed that sometimes half a solution is worse than no solution. Unless the rest of it is found in the coming year, Europe – and the world – will pay a heavy price.... read |
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2011-10-12
| Eurozone leaders' next move will have fateful consequences, either calming the markets or driving them to new extremes. All agree that Greece needs an orderly restructuring, but, when it comes to the banks, the eurozone’s leaders are contemplating some inappropriate steps.... read |
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2011-09-29
| Financial markets are driving the world towards another Great Depression, with incalculable political consequences. The authorities, particularly in Europe, have lost control of the situation, but, contrary to prevailing wisdom, they can regain it.... read |
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2011-09-15
| To resolve a crisis in which the impossible has become possible, it is necessary to think the unthinkable. So, to resolve Europe’s sovereign-debt crisis, it is now imperative to prepare for the possibility of default and defection from the eurozone by Greece, Portugal, and perhaps Ireland.... read |
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2011-08-15
| A comprehensive solution of the euro crisis must have three major components: reform and recapitalization of the banking system, a eurobond regime, and an exit mechanism.... read |
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2011-08-11
| NEW YORK – Financial markets abhor uncertainty; that is why they are now in crisis mode. The governments of the eurozone have taken some significant steps in the right direction to resolve the euro crisis but, obviously, they did not go far enough to reassure the markets.... read |
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2011-07-11
| If Europe’s seemingly inexorable disintegration process is to be arrested and reversed, both Greece and the eurozone must urgently embrace a Plan B that recognizes the inevitability of default. And the European elite needs to stop treating the status quo as sacrosanct.... read |
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2011-06-06
| French President Nicolas Sarkozy should be applauded for supporting a new initiative promoting strict transparency standards for petroleum, gas, and mining companies listed on European stock exchanges. France, at the heart of the EU and President of both the G-8 and G-20 this year, is in a strong position to encourage such a regulatory move.... read |
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Europe Re-Divided?
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George Soros 
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With the entire burden of adjustment being shifted to the eurozone's debtor countries, the next step in European integration must be clearly acknowledged alongside implementation of the EU’s crisis-resolution mechanism. Otherwise, deficit countries will have no reason to hope that they can escape their predicament.... read
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2008-12-01
| NEW YORK – We are in the midst of the worst financial crisis since the 1930’s. The salient feature of the crisis is that it was not caused by some external shock like OPEC raising the price of oil. It was generated by the financial system itself. ... read |
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2011-09-29
| Financial markets are driving the world towards another Great Depression, with incalculable political consequences. The authorities, particularly in Europe, have lost control of the situation, but, contrary to prevailing wisdom, they can regain it.... read |
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2011-09-15
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| To resolve a crisis in which the impossible has become possible, it is necessary to think the unthinkable. So, to resolve Europe’s sovereign-debt crisis, it is now imperative to prepare for the possibility of default and defection from the eurozone by Greece, Portugal, and perhaps Ireland.... read |
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2010-04-23
| Goldman Sachs, we can be sure, will vigorously contest the civil suit brought against it by the United States Security and Exchange Commission (SEC). But, regardless of the eventual outcome, the case has far-reaching implications for the financial reform legislation that the US Congress is now considering.... read |
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2011-07-11
| If Europe’s seemingly inexorable disintegration process is to be arrested and reversed, both Greece and the eurozone must urgently embrace a Plan B that recognizes the inevitability of default. And the European elite needs to stop treating the status quo as sacrosanct.... read |
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2007-11-08
| The American public has proven remarkably susceptible to the manipulation of truth in recent years. The lesson is that without an explicit commitment to the pursuit of truth, the division of powers, free speech, and free elections cannot ensure that political discourse leads to a better understanding of reality.... read |
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2006-11-17
| Europe is in search of its identity. I believe it is easy to find: the European Union embodies the principle of open society, which could serve as a force for a global open society. ... read |
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2005-03-15
| Countries that are rich in natural resources are often poor, because exploiting those resources has taken precedence over good government. Competing oil and mining companies, backed by their governments, are often willing to deal with anyone who can assure them of a concession. This has bred corrupt and repressive governments and armed conflict. In Africa, resource-rich countries like Congo, Angola, and Sudan have been devastated by civil wars. In the Middle East, democratic development has been lagging. ... read |
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2008-01-22
| Today’s financial crisis, triggered by the collapse of the housing bubble in the US, also marks the end of a 60-year era of credit expansion based on the dollar as the international reserve currency. But the current crisis is less likely to cause a global recession than a radical realignment of the global economy, with the US declining relative to China and other developing countries.... read |
