Billionaire investor George Soros has given a damning verdict on the launch of the European Central Bank's (ECB) trillion-euro quantitative easing program, warning that that it will create bubbles in the region's asset markets. "My main concern that it will make divergence between rich and poor bigger than it already is," he said at a CNBC panel at the World Economic Forum in Davos Friday. "It will benefit the owners of assets and actually wages will remain under pressure through competition and unemployment." He warned that he would have "political consequences" and will also have an effect on international ... (full story)