The key problem is the debt restructuring in the euro zone. As long as the debt burden is not reduced, there is no chance of the weaker EU countries regaining competitiveness.
George SorosAs I discovered, there is a great deal of similarity between a boom-bust process in the financial markets and the rise and fall of the Soviet system.
George SorosA global economy is characterized not only by the free movement of goods and services but, more important, by the free movement of ideas and of capital.
George SorosI think there's a lot of merit in an international economy and global markets, but they're not sufficient because markets don't look after social needs.
George Soros