George Soros says he’s a euro believer, looks to invest in Europe banks
Any thoughts on this?
Since he told it EURO is falling down 
Probably he has much more info than we do. With QE that ECB is supposed to start this year (money printing machines) I would not bet on what Soros told. He is probably looking for opportunities to buy European banks cheap and not to invest into forex
So he basically trying to influence the news?
MaksymGra:
So he basically trying to influence the news?
So he basically trying to influence the news?
Yes. He always does that. He uses the news to get information quickly and free without having to look for opportunity or to research. They will come to him with all the information he needs and all he has to do is to chose which one is the most profitable for him
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Billionaire investor George Soros, the man made famous for breaking the Bank of England by shorting the pound in 1992, reportedly told a German newspaper over the weekend that he’s a euro believer. The full article at Der Spiegel isn’t available without a subscription, so we turned to Reuters for a translation and breakdown.
“I believe in the euro. Therefore my investment team is looking forward to making [sic] a lot of money soon in Europe by, for example, pumping money in banks which urgently need capital,” Soros reportedly said in the interview, adding that the euro zone needs this type of private investment now.
He said his management team was even looking at Greece, given improving economic conditions, but before doing that they need to be assured that money can be earned on a sustainable basis.
Soros also reiterated his view that efforts by Germany to save the single currency have only made things worse. A sustainable recovery for the region still doesn’t exist, even if markets are far from the turmoil of a couple of years ago. “I fear that the euro zone could experience a long phase of economic stagnation similar to Japan’s in the past 25 years.”
In an early January piece for Project Syndicate, Soros was also critical of Germany’s handling. Of the euro, he said it has a “fatal flaw. Creating a common central bank without a common treasury means that government debts are denominated in a currency that no single member country controls, making them subject to the risk of default.”
In October, Soros said German elections marked an end to the euro crisis, but that the EU still might not survive.
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