What works for Germany can't work for the rest of Europe: No country can run a chronic surplus without others running deficits. — George Soros Copy Share Image
By creating the European Central Bank, the member states exposed their own government bonds to the risk of default. Developed countries that… — George Soros Copy Share Image
Germans tend to forget now that the euro was largely a Franco-German creation. No country has benefited more from the euro than… — George Soros Copy Share Image
Financial markets are supposed to swing like a pendulum: They may fluctuate wildly in response to exogenous shocks, but eventually they are… — George Soros Copy Share Image
The criminalization of marijuana did not prevent marijuana from becoming the most widely used illegal substance in the United States and many… — George Soros Copy Share Image
Germany will always do the minimum to preserve the euro. Doing the minimum, though, will perpetuate the situation where the debtor countries… — George Soros Copy Share Image
I give away something up to $500 million a year throughout the world promoting Open Society. My foundations support people in the… — George Soros Copy Share Image
I think it is natural that every country has to take care of its interests, but there are some interests that are… — George Soros Copy Share Image
The strength of this country lies in the Declaration of Independence and the Bill of Rights and the freedom of speech and… — George Soros Copy Share Image
The lower interest rates fueled housing and consumption booms in countries such as Spain and Ireland. At the same time, Germany, struggling… — George Soros Copy Share Image
My foundations support people in the country who care about an open society. It's their work that I'm supporting. So it's not… — George Soros Copy Share Image
There is no doubt that the countries that now have a very large debt have not introduced the kind of structural reforms… — George Soros Copy Share Image
The key problem is the debt restructuring in the euro zone. As long as the debt burden is not reduced, there is… — George Soros Copy Share Image
This is the joint responsibility of everyone who was involved in the introduction of the euro without understanding the consequences. When the… — George Soros Copy Share Image
Merkel has realized that the euro is not working, but she cannot change the narrative she has created because that narrative has caught the… — George Soros Copy Share Image
At times of recession, running a budget deficit is highly desirable. Once the economy begins to recover, you have to balance the budget. But… — George Soros Copy Share Image
Markets are designed to allow individuals to look after their private needs and to pursue profit. It's really a great invention and I wouldn't… — George Soros Copy Share Image
We must not forget; but we must forgive. Suffering often such compassion from the Jewish community. It was Jewish groups in the US who… — George Soros Copy Share Image
I very often used to get backaches due to the fact that I was wrong. Whenever you are wrong you have to fight or… — George Soros Copy Share Image
We are the most powerful nation on earth. No external power, no terrorist organization can defeat us. But we can defeat ourselves by getting… — George Soros Copy Share Image
Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected. — George Soros Copy Share Image
What works for Germany can't work for the rest of Europe: No country can run a chronic surplus without others running deficits. — George Soros Copy Share Image
If truth be known, I carried some rather potent messianic fantasies with me from childhood which I felt I had to control, otherwise I… — George Soros Copy Share Image
We [at Soros Fund Management] use options and more exotic derivatives sparingly. We try to catch new trends early and in later stages we… — George Soros Copy Share Image
“On the abstract level, I have turned the belief in my own fallibility into the cornerstone of an elaborate philosophy. On a personal level,… — George Soros Copy Share Image
![“We [at Soros Fund Management] use options and more exotic…” quote by George Soros](https://sms4smile.com/quotes/img-quotes/f33/george-soros-1593_derivatives_we-at-soros-fund-management-use-options_113322.jpg)
