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Bloomberg Television George Soros

‘Greece is going down the drain’

24 Mar, 2015

In an interview with Bloomberg Television, Soros discusses Greece’s tenuous financial situation. He says the chances are 50-50 that Greece leaves the Euro.

It’s now a lose-lose game and the best that can happen is actually muddling through. Greece is a long-festering problem that was mishandled from the beginning by all parties…You can keep on pushing it back indefinitely [making interest payments without writing down debt]. But in the meantime there will be no primary surplus because Greece is going down the drain.