March 01, 2011

George Soros: Euro debt crisis is spreading

Notable investor and businessman George Soros has commented in the World Economic Forum that the debt crisis in the euro zone is not going to end soon. He pointed out that Europe is currently divided into two economic blocks and the economically stronger countries comprising of Germany and France are ahead of the weaker nations like Romania by miles. This split can very well take its toll on Europe. He virtually echoed the opinion of Nouriel Roubini who recently said that the debt crisis, instead of being over, is going to spread to the other parts of the continent.