Leverage Academy Blog George Soros on European Fiscal & Banking Crisis and EU Summit on June 28-29, 2012

Here I present key take-aways from George Soros' in depth Bloomberg interview on the current European fiscal and banking crisis, Angela Merkel, the Spanish bailout, and Greece leaving the Eurozone. "There is an interrelated problem of the banking system and the excessive risk premium on sovereign debt - they are Siamese twins, tied together and you have to tackle both"