{"id":527022,"date":"2010-04-14T06:42:44","date_gmt":"2010-04-14T10:42:44","guid":{"rendered":"http:\/\/www.businessinsider.com\/soros-youll-soon-see-why-the-british-pound-is-in-far-better-shape-than-the-euro-2010-4"},"modified":"2010-04-14T06:42:44","modified_gmt":"2010-04-14T10:42:44","slug":"soros-youll-soon-see-why-the-british-pound-is-in-far-better-shape-than-the-euro","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/527022","title":{"rendered":"Soros: You’ll Soon See Why The British Pound Is In Far Better Shape Than The Euro"},"content":{"rendered":"

\"soros<\/p>\n

Gorge Soros said at an Economist conference in London that he believes the U.K. will be in a far better position to manage its finances than the Eurozone, once upcoming U.K. elections are past.<\/p>\n

That’s because the U.K. runs its own monetary policy, for just itself, thus has more policy flexibility.<\/p>\n

This flexibility may be constrained by election season right now, but it seems he’s saying that once elections are done we could see a more assertive U.K. government:<\/p>\n

City Wire:<\/a><\/p>\n

Soros said the lack of concessions offered in a rescue package for Greece agreed this week had highlighted the lack of effective policy making in the euro area.<\/p>\n

‘Whoever wins the election will have many more tools at their disposal,’ he said of the UK. ‘The solution offered to Greece is at best an interim step. ‘<\/p>\n

It is a question of solvency. If you start charging very high rates as the market does in anticipation of solvency then that pushes you into insolvency.’<\/p>\n

Read more here ><\/a><\/p>\n

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