Hugh Hendry opines on strategy, George Soros and the euro. He believes the euro "is finished" for many of the same reasons I worry about the eurozone – namely that it acts like a deflationary gold standard for eurozone members.
Here’s the problem in Europe. The euro has acted as an internal gold standard to euro zone members in that it prevents governments from printing money and devaluing to escape economic hardship and it ensures that large fiscal imbalances cannot be sustained and eventually lead to crisis.
That’s where we are now. So what happens next then? Watch Hendry in the video to find out what he thinks.