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George Soros Warns Greece "Is Going Down The Drain"

Tyler Durden's picture




 

“Right now we are at the cusp," billionaire George Soros tells Bloomberg TV in this brief clip, the chances of Greece leaving the euro area are now 50-50 and the country could go "down the drain." The 84-year-old fears that talks between Greece and 'the institutions' could "break down," adding that  "Greece is a long-festering problem that was mishandled from the beginning by all parties," concluding that the chances of Greece leaving the euro area are now 50-50 and the country could go "down the drain." Finally, Soros notes, what worries him the most is Ukraine.

As Bloomberg reports,

The chances of Greece leaving the euro area are now 50-50 and the country could go “down the drain,” billionaire investor George Soros said.

 

“It’s now a lose-lose game and the best that can happen is actually muddling through,” Soros, 84, said in a Bloomberg Television interview due to air Tuesday. “Greece is a long-festering problem that was mishandled from the beginning by all parties.”

 

Greek Prime Minister Alexis Tsipras’s government needs to persuade its creditors to sign off on a package of economic measures to free up long-withheld aid payments that will keep the country afloat. Since his January election victory, he has tried to shape an alternative to the austerity program set out in the nation’s bailout agreement, spurring concern that Greece may be forced out of the euro.

 

The negotiations between Tsipras’s Syriza government and the institutions helping finance the Greek economy -- the European Commission, European Central Bank and International Monetary Fund -- could result in a “breakdown,” leading to the country leaving the common currency area, Soros said in the interview at his London home.

 

“You can keep on pushing it back indefinitely,” making interest payments without writing down debt, Soros said. “But in the meantime there will be no primary surplus because Greece is going down the drain.”

 

Soros said in January 2012 that the odds are in the direction of Greece leaving the euro region.

 

“Right now we are at the cusp and I can see both possibilities,” he said in Tuesday’s interview.

*  *  *

Soros explains...

 

* * *

And concludes with some thoughts on Ukraine...

...the war in eastern Ukraine between government forces and rebel militia supported by Russia’s President Vladimir Putin concerns him the most.

 

Without more external financial assistance the “new Ukraine” probably will gradually deteriorate and “become like the old Ukraine so that the oligarchs come back and assert their power,” he said. “That fight has actually started in the last week or so.”

*  *  *

 

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Tue, 03/24/2015 - 17:24 | 5922967 pendragon
pendragon's picture

there is none more ethnocentric (in their hatred) than you fuckwit. the grown ups look beyond race and religion. it is the system that is at fault, not the ethnicity of the prime movers

Tue, 03/24/2015 - 17:07 | 5922937 Counterpunch
Counterpunch's picture

 

Fuck you right back, you ignorant, arrogant, wholly predictable twat.  you think you get extra credit for crying antisemite, or for being registered to a board longer? Fuck you, you didnt even read my comment.

 

If I said anything less qualified and harsher about any other group, you would not be rushing to the field on your dilapidated moral high horse, would you?

 

Any and all criticism of Jewish religion and ethics is 'hate' to unoriginal, obtuse cunts like you - too dumb and Pavlovian to appreciate your own double standard.

 

Name a single thing I wrote which is false or clearly unfair - otherwise shut the fuck up, and read my comments with care.

 

I am significantly more intelligent than you.  i have also read the Torah - have you?

 

FUCK.YOU.BITCH.

 

 

 

 

 

 

 

 

Tue, 03/24/2015 - 11:55 | 5921828 basho
basho's picture

"believe they are God's Chosen"

the god that chose them ain't worth a f*ck either.

Tue, 03/24/2015 - 10:32 | 5921490 rsnoble
rsnoble's picture

Going down the drain?  Pretty sure a few million have already been flushed.  That's why i'd rather take my chances with ww3 than collapse.  Hard to hold on forever.  Of course i'd rather have neigther but not looking good.

Tue, 03/24/2015 - 10:34 | 5921496 Chippewa Partners
Chippewa Partners's picture

So much for relativity.   They can't get the bang from the German mark on this trade.  No bank getting broken here.

Tue, 03/24/2015 - 10:38 | 5921515 semperfi
semperfi's picture

a) "we're on the cusp"

b) "GREXIT"

c) "default"

d) "collapse"

e) none of the above

 

ans:  e

 

Tue, 03/24/2015 - 10:38 | 5921516 Madcow
Madcow's picture

Sorry Greece.  You had a nice run. 

 

 

Tue, 03/24/2015 - 10:46 | 5921544 news printer
news printer's picture

Let's try Holy water

Tue, 03/24/2015 - 11:38 | 5921759 e_goldstein
e_goldstein's picture

Won't work. A creature like that has to be killed by a sanctified ash stake while sleeping in its coffin. Be sure to leave the stake in otherwise it's body will just reconstitute during the next full moon.

Tue, 03/24/2015 - 10:49 | 5921563 datura
datura's picture

This terrible zombie just keeps walking and talking. How much damage he will still be able to do, before he finally kicks the bucket.

Tue, 03/24/2015 - 10:57 | 5921595 semperfi
semperfi's picture

Greece is now a fEUdal society which will last a looong time. A lot longer than we all have attention spans for.  Everyone here will probably not live to see it change. 

Tue, 03/24/2015 - 11:51 | 5921822 basho
basho's picture

yeah maybe we can get that moronic pole brezinski to go with him

Tue, 03/24/2015 - 10:55 | 5921583 nakki
nakki's picture

Wow Greece is fucked. Thanks for the insight George, and I thought everything was going so well over there. Next thing you'll tell us that Italy, Spain and Portugal are in trouble. 

 

Tue, 03/24/2015 - 11:00 | 5921608 semperfi
semperfi's picture

They've been fucked for a long time already.  The only thing new is it just keeps getting worse. It will only change when the food runs out and they start to go hungry. Until then, serf's up dude.

Tue, 03/24/2015 - 10:58 | 5921596 10mm
10mm's picture

What worries him the most is the Ukraine. Really. At 84 he is worried about Ukraine.

Tue, 03/24/2015 - 11:02 | 5921616 semperfi
semperfi's picture

He's probably more concerned & worried about his next bowel movement.

Tue, 03/24/2015 - 10:58 | 5921601 Consuelo
Consuelo's picture

"...so that the oligarchs come back and assert their power,"

Funny how one is caught pointing fingers at himself, without even being aware...

Tue, 03/24/2015 - 11:25 | 5921700 Caleb Abell
Caleb Abell's picture

And what does he mean by coming back?  They never left.

Tue, 03/24/2015 - 11:03 | 5921618 All is chosen
All is chosen's picture

George, I've had the boiling oil ready for many a year.

BTW, it's not only for you.

Tue, 03/24/2015 - 11:09 | 5921643 khakuda
khakuda's picture

Ya.  I tink dat I am done wit dis intaview now.  You are alright, but next time, Bloomberg should send a female reporter, no older than 24, to intaview me.

By da way, I am short Greece and my boot is on its little Greek neck.  When it collapses, I will buy the entire country.

Tue, 03/24/2015 - 11:17 | 5921672 SMC
SMC's picture

Going down the drain is at least going somewhere.

Tue, 03/24/2015 - 11:24 | 5921678 dexter_morgan
dexter_morgan's picture

Whatever Soros is for, I'm against. Fuck off ya old vampire squid.

Tue, 03/24/2015 - 11:29 | 5921720 SilverMoneyBags
SilverMoneyBags's picture

Soros is worried about Ukraine? Well maybe if his evil Jewish ass didn't fund a coup to overthrow a stable and Democratically elected government people wouldn't be slaughtering each other right now. Fucking kike asshole.

Tue, 03/24/2015 - 11:36 | 5921754 vegas
vegas's picture

No, what worries Soros the most isn't Ukraine; what worries Soros the most is finding somebody credible inside the EU to give him the necessary information to profit before anybody else gets it. That way, he can get back on the "money-honey" shows and talk his position.

 

www.traderzoo.mobi

Tue, 03/24/2015 - 11:37 | 5921758 localizer
localizer's picture

Soros worried about oligarchs asserting control in Ukraine?! LMFAO!

Tue, 03/24/2015 - 11:45 | 5921796 basho
basho's picture

when do you think this traitorous piece of shit will be going down the drain.

roast in hell soros

Tue, 03/24/2015 - 11:49 | 5921812 Coldfire
Coldfire's picture

Thus Spake 3D Dorian Gray Eyebags...

Tue, 03/24/2015 - 11:50 | 5921817 directaction
directaction's picture

A pure scumbag, possibly the most evil person alive.  

Tue, 03/24/2015 - 12:10 | 5921886 SilverFish
SilverFish's picture

It's a damn good thing we have this wise man to tell all us paeons what's what.

Tue, 03/24/2015 - 12:17 | 5921904 casfoto
casfoto's picture

Don't forget his two recent letters to the people. First letter asking that the World Bank/IMF give Europe $24 Billion to fight a war against Russia.Seond letter asking for $50billion to be loaned Europe to go to war with Russia. He is despicable. Go get Israel and fight Russia or Syria etc.

Tue, 03/24/2015 - 12:17 | 5921905 casfoto
casfoto's picture

Don't forget his two recent letters to the people. First letter asking that the World Bank/IMF give Europe $24 Billion to fight a war against Russia.Seond letter asking for $50billion to be loaned Europe to go to war with Russia. He is despicable. Go get Israel and fight Russia or Syria etc.

Tue, 03/24/2015 - 12:26 | 5921929 cwsuisse
cwsuisse's picture

Greece is toast and Soros is bullshiting regarding the Ukraine. The oligarchs never left. The conflict started as conflict among oligarchs some of whom tried to get assistance from the west and some stuck to the east. The money that the EU pours into the country is financing the war (so far good for the US) and the rest is taken by the oligarchs. After loosing the Crimean and the Donbass the Ukraine lost approx. 15% of its territory, 25% of its population and a significant part of the industry in east Ukraine. The country has been crippled and will not recover in the foreseeable future. 

Tue, 03/24/2015 - 12:32 | 5921948 VooDoo6Actual
VooDoo6Actual's picture

Pretty simple to follow. Soros et al is one Lynchpin Actor's / Controller's working & complicit for the BORG. Other's are Ziggy Brezenski, Kissinger, CFR, IMF, UN et alia etc. The STOOPID in this period of American History burns like no other. The World watchs & knows that things are HINKY. The US has a HUGE PR problem. The Faustian Bargain to co-rule the planet under a NWO is so obvious & epically failing.`

Tue, 03/24/2015 - 12:43 | 5921988 jomama
jomama's picture

I can't think of too many things more beneficial to humankind than if this disgusting replitilian fossil finally keeled over - and to took those scumbags Buffet and Greenspan with him. And as many Rothschilds as possible.

Tue, 03/24/2015 - 12:47 | 5922001 Karl Napp
Karl Napp's picture

Hey Georgy, that's free market economy. The markets decide not the politbuero. 

Tue, 03/24/2015 - 12:48 | 5922004 jmcadg
jmcadg's picture

Can I just add, die you fucker.

Tue, 03/24/2015 - 13:03 | 5922027 A Lunatic
A Lunatic's picture

Here is your epitaph you piece of shit........

 

There once was a scumbag named George

Upon the innocent masses he gorged

But death came to call and George lost it all

And they tossed his ass into a Gorge

 

Tue, 03/24/2015 - 13:02 | 5922031 pocomotion
pocomotion's picture

Thank goodness that we have people like this to explain to us what is happening.  I did not know that Greece had a 50/50 chance at staying/leaving the EU or that it's glass was half full/ half empty.  He has a wonderful laugh when he mentions that Greece is going down the drain.  I can now picture, in my head, Greece literally going down a drain.  Oh, it's gone!

Tue, 03/24/2015 - 13:04 | 5922033 Johnny Moscow
Johnny Moscow's picture

Soros, sheesh.

Ukraine is ALREADY controlled by the oligarchs, some of whom have their own private armies fighting for them, not the government. The corruption there is worse than it ever was in Moscow and the "new" government pretty much has the same old corrupt oligarchs with a few new faces thrown in to help out with "reforms."

The fact that he ignores this fact and the fact that the West helped started the whole thing in Maidan is pretty disingenuous. But then again what do we expect from a guy who clearly toes the neocon party line to an extent and cares only for himself and his confidents? He didn't break the Bank of England because he's a good guy....

We have nothing to learn from Soros except how lies and half truths can skew the markets and politics - but that's par for the course for Soros. 

Tue, 03/24/2015 - 13:09 | 5922051 Bumbu Sauce
Bumbu Sauce's picture

This reprobate can't kick off to his great reward soon enough.

Tue, 03/24/2015 - 13:31 | 5922093 steelrules
steelrules's picture

This nazi collaborator makes me embarrassed that I share a Hungarian heritage.

Hungarians his age still lament the break up of the Astro Hungarian empire, maybe he's trying to get even with the world.

http://www.historylearningsite.co.uk/treaty_of_trianon.htm

Tue, 03/24/2015 - 13:33 | 5922128 Joebloinvestor
Joebloinvestor's picture

More then one person hopes for the day George is wondering where his next meal or crash pad comes from.

 

Maybe even an organ transplant.

Tue, 03/24/2015 - 13:38 | 5922144 NuYawkFrankie
NuYawkFrankie's picture

re George Soros warns Grease going down drain...

 

Hi George - if there's a blockage, try pouring a couple of cans of Coke down the drain - that sh!t dissolves most things!

If it aint cleared in an hour or so, call Roto-Rooter - tell 'em I sent ya,  to get the discount,.

You're welcome, any time George, glad to be of assistance - you betcha ;)

Tue, 03/24/2015 - 13:43 | 5922191 lawyer4anarchists
lawyer4anarchists's picture

It is quite simply impossible to tell whether the man believes his own bullsh*t at this point. It is possible that he has been the beneficiary of inside information for so long now that he actually believes he is an astute and independent observer.  And that he actually now attributes his success to his own genius as opposed to simply having been told what would be coming for so long now from those pulling the strings. I'd be curious to see a deep psyche profile on the man to see if he is dellusional, or simply a fantastic liar.  But that's just me.   

Tue, 03/24/2015 - 14:14 | 5922327 Prober
Prober's picture

The Greeks are going down the socialist-parasite-defrauding-thieving-entitlement-state drain of their own making - I hope that Greece becomes a spectacular disaster to maximize the lesson value for all the other socialist parasite defrauding thieving entitlement-state worshipers = JUSTICE !!!

Tue, 03/24/2015 - 15:34 | 5922529 Accounting101
Accounting101's picture

I see that you have it all figured out. Good god! What lazy intellectual bullshit. The Oligarchs are running wild privatizing everything in sight, which enables them to charge rent on literally every aspect of our existence from infrastructure, health care, finance, etc..., and you're mumbling some stupid ass shit about socialists and entitlements.

If we don't wake up in mass soon, it's going to be too fucking late. There is a massive restructuring of our economic and social order. It has none one fucking thing to do with the -ists some of you idiots get a hard on for.

Tue, 03/24/2015 - 18:39 | 5923196 Prober
Prober's picture

You are a failure overflowing with envy , bitterness & resentment, just ranting the stereotypical ideological fantasy "the rich people are holding me down".

Look in the mirror and you will see the face of the incompetent who is responsible for your failure, not oligarch boogey men.

 

Tue, 03/24/2015 - 19:53 | 5923356 Accounting101
Accounting101's picture

Like I said, you've got it all figured out. None of what has happened and will happen is without your efforts. Oligarchs just love tools.

Tue, 03/24/2015 - 14:13 | 5922332 Youri Carma
Youri Carma's picture

Nazi hoe doing some shorting again, talkin his dump book.

Tue, 03/24/2015 - 14:29 | 5922392 Dekyus
Dekyus's picture

Darth Soros wants blood and money :)

Tue, 03/24/2015 - 15:30 | 5922578 Rootin' for Putin
Rootin' for Putin's picture

Greece is going down the drain, or soros's plans for greece are going down the drain.

Tue, 03/24/2015 - 15:30 | 5922580 Anunnaki
Anunnaki's picture

How much money does this leech have in play over Ukraine. Is it money for Ukraine to prop up "democracy" or to cover Soros' nut

Tue, 03/24/2015 - 16:07 | 5922729 SmittyinLA
SmittyinLA's picture

The problem with Russia is Russians,  they're ex-Communist capitalists, the worst kind and they have nukes. 

The only solution to the EU Ukraine looting expedition is austerity-in the entire EU, Ukraine is all about the EU's lack of income compared to spending not Russian aggression. 

 

 

 

Tue, 03/24/2015 - 16:22 | 5922793 homiegot
homiegot's picture

Soros helped flush the toilet.

Tue, 03/24/2015 - 18:09 | 5922903 Who was that ma...
Who was that masked man's picture

Greece is "going down the drain"?

 

As they say in the nursing homes, Soros himself is "CTD".*

 

*CTD = Circling The Drain.

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