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DislikedMr Soros, who achieved world wide fame when he bet against sterling remaining within the Exchange Rate Mechanism in the 1990s, said that the 50pc "haircut" on private bond holders would only reduce Greek debt by 20pc. He said that was insufficient to stop an economic decline in Greece which would lead to greater social unrest.
At present because the haircut is voluntary European leaders have said the Greek default is not considered a "credit event" which would spark CDS payouts and possibly a new financial crisis.
"So, from...Ignored
Dislikednot to sound like a "fan-boi" but the BoJ would crush Soros and gladly take ALL his money if it came down to that.Ignored
not euphoria follower