Soros lays out how the Euro will end

In an op-ed piece in today’s Financial Times, George Soros predicts the path by which the Euro will break up. While the first half reads like dire warning, the second half offers some options for managing through the problem. Perhaps most interesting is his observation that the “crisis has entered what may be a less volatile but more lethal phase” on account of debt being reoriented from across border to much more in tune with national lines.

Soros notes some interesting observations such as noting that

“the Bundesbank has seen the danger…once the Bundesbank starts guarding against a break-up, everyone will have to do the same. Markets are beginning to reflect this.”

To me, this raises the danger level for investors, but George disagrees.

I’m not doing the essay justice here, so read it for yourself:

http://www.ft.com/intl/cms/s/0/f7ac05c8-82fa-11e1-ab78-00144feab49a.html#axzz1rpp9y4cs