I am finally in good company thinking that the euro exchange rate needs to fall – George Soros the financial wizard that broke the Bank of England better against the pound has highlighted the euro zones problems.
He has said that the euro zone needs to address the current way that banking is done in the currency bloc especially Greece and Spain’s budget cuts that will lead to decades of stagflation.
Soros has been a long term critic of the Euro zone and the current way it was formed.
The ECB won’t worry to much as long as they have super Mario to convince forex traders that everything is ok and they should continue to buy euros – all good in da hood bitches!