Merkel: Europe Will Never Share All Of Our Debts For ‘As Long As I Live’

Joe Weisenthal Business Insider 6/26/2012

This comment from Angela Merkel just now is causing ripples through markets…

Luke Baker at Reuters tweeted

Merkel: Europe wil not have shared liability for debt “as long as I live.” #euco

That sounds really intense.

In two follow up tweets he clarified:

What Merkel actually said: Europe will […]

George Soros Went Shopping During MF Global’s Fire Sale

But Jon Corzine testified he doesn’t know where the money went…In our opinion, Corzine and Holder should probably be cellmates…CAJ

Sam Ro Business Insider 12/9/2011

The man who made a billion shorting the British pound just made a $2 billion bet going long European bonds, reports the Wall Street Journal’s Greg Zuckerman and Dana Cimilluca.


George Soros: The Global Financial System is in a ‘Self-Reinforcing Process of Disintegration’

Simone Foxman Business Insider 12/1/2011

Image: Wikimedia Commons


Investor George Soros foretold doom in a recent speech in front of the International Senior Lawyers Project, according to the WSJ.

The financial system is collapsing, and the developed world is fast falling into a “deflationary debt trap.”

“The consequences could be quite disastrous,” […]

German Leaders Reiterate Opposition to Euro Bonds as a Way to Ease Crisis

Jack Ewing The New York Times 8/21/2011

FRANKFURT — Chancellor Angela Merkel of Germany on Sunday re-emphasized her opposition to issuing bonds backed by all the euro zone countries, a position that will be greeted enthusiastically by many of her fellow citizens but could unsettle investors at the beginning of what could be another difficult […]

Soros suggests Greece, Portugal quit euro-zone

AFP via 8/14/2011

George Soros, the US speculator turned billionaire philanthropist, has suggested both Greece and Portugal quit the European Union and the euro-zone because of their massive debts.

“One has so mishandled the Greek problem that the best way forward at present might be an orderly exit” with Greece leaving both the EU […]