SOROS: Eurozone Crisis Could Be Worse Than Lehman

SOROS: Eurozone Crisis Could Be Worse Than Lehman – businessinsider.com
Legendary investor George Soros says the lack of central European authority could make this crisis worse than 2008. He tells the New York Times:

“This crisis has the potential to be a lot worse than Lehman Brothers. That is why the problem is so serious. You need a crisis to create the political will for Europe to create such an authority, but there is still no understanding as to what the authority will do.”

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