George Soros declares all-out war on the Bundesbank, writes Ambrose-Evans Pritchard, telling Le...


George Soros declares all-out war on the Bundesbank, writes Ambrose-Evans Pritchard, telling Le Monde he would "bet against the euro" were he still in the business. The salutary effect of the LTRO has been broken by the Buba's counterattack, Soros argues. Soros famously redoubled his pound shorts in 1992 when he concluded the Germans would not move to support the currency. (Bundesbank's Weidmann's interview here)

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Comments (3)
  • Tombaum eister
    , contributor
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    Soros is doing the obvious - the Germans have not understood yet that either they need to commit all resources against the debt crises or they are better off leaving immediately. This lukewarm attitude is an invitation for short-sellers and will make things worse for everybody, including me!
    19 Apr 2012, 10:18 AM Reply Like
  • Poor Texan
    , contributor
    Comments (3527) | Send Message
     
    I haven't noted any administration calls to police speculators in the currency markets. Just oil.
    19 Apr 2012, 12:40 PM Reply Like
  • Wayne Russell
    , contributor
    Comments (23) | Send Message
     
    The Euro will require support. No question of that. However the West (Europe and the US) can't engage in a currency war wherein America tries to ensure a weak dollar relative to the Euro. There was a time when a strong currency was perceived as an asset. China and Russia will emerge stronger if we play that game. A weak currency is a pay cut.
    19 Apr 2012, 02:30 PM Reply Like
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