Bloomberg TelevisionGeorge SorosInterview

‘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.

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