Billionaire investor George Soros says Germany has three days left to spearhead the creation of the "embryo" of a European fiscal union in order to save the eurozone.
"There's a disagrement on the fiscal side, and unless that is
resolved in the next three days, then I'm afraid the summit could turn
out to be a fiasco, and that could be acutally fatal because you are
facing the possiblity of Greece leaving the euro and perhaps the
European Union, and you need to strengthen the remaining euro structure
to withstand that shock," Soros told Bloomberg TV.
--http://www.huffingtonpost.com/2012/06/25/george-soros-germany_n_1623810.html
Ok, this should be easy enough to test. Let's see what happens on 6/28. The healthcare decision will also be announced that morning.
Update: 6/28. The eurozone hasn't fallen apart yet. I'll give it one more day before calling him an idiot.
Update: 7/2. This sort of prediction is meaningless unless you define the terms more carefully. The Eurozone hasn't fallen apart yet, so I guess it has been "saved". Yet was the embryo of a European fiscal union created? I don't think so, but who knows. So I say either his prophecy failed, or his prediction was too meaningless to tell. Either way, he failed. George Soros, you have no credibility. The next time you say something we will just ignore it.
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