Santangel's Review


Text Of George Soros’ Speech at Davos

Highly insightful speech from George Soros detailing the European situation. A preview:

“Reducing budget deficits will put both wages and profits under downward pressure, the economies will contract, and tax revenues will fall. So the debt burden, which is a ratio of the accumulated debt to the GDP, will actually rise, requiring further budget cuts, setting in motion a vicious circle.”