Europe Has Three Days, Not Three Months, to Avoid 'Fiasco': Soros By ELEAZAR DAVID MELÉNDEZ: Subscribe to Eleazar's RSS feed
June 25, 2012 12:05 PM EDT
Multibillionaire financier George Soros said Monday Europe's leaders have three days to agree on how to fix the euro zone crisis ahead of this week's summit of world leaders -- a dramatically shorter timetable than the "three months' window" he said at the beginning of June that Europe's leaders had to fix their problems.
"Unless that is resolved in the next three days, then I am afraid the summit could turn out to be a fiasco. That could actually be fatal," Soros said on CNBC Monday morning. Soros, who is quickly becoming an éminence grise on the topic of the euro zone financial crisis, was making an appearance following the publication of an editorial in the Financial Times, where he warned the negotiating stance of German chancellor Angela Merkel going into this summit "threatens to turn the June summit into a fiasco." http://www.ibtimes.com/articles/356115/ ... s-days.htm