Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

George Soros has a Seven Point Plan to Save the Eurozone

George Soros has been very focal about the European debt crises, even going so far as to offer advice, like when he told Kathimerini that the Greek debt ought to be restructured by 50 percent. Now, Soros has unveiled a seven point plan to save the Eurozone, reports the Financial Times.

hedge fund research

George Soros’ Plan Outline

George Soros thinks that EU member states need create a common treasury in due course but for the time being, he says that they should “appeal to European Central Bank to co-operate with the European financial stability facility in dealing with the financial crisis in the interim – the ECB to provide liquidity; the EFSF to accept the solvency risks.” After this is established, Soros thinks that the EFSF should take over the Greek bonds held by the ECB. The EFSF can then guarantee the banking system. Big banks would be asked to cooperate with the EU government, namely maintaining credit lines and loan portfolios while controlling risks. Those that cooperate would receive a discount window from the ECB. The ECB would also lower the discount rate for governments but allow creditor countries to impose discipline.

George Soros Might Be Onto Something

George Soros’ plan has a lot of strengths. It meets the German position while still providing the French position with more immediate recapitalization. Also, by stabilizing the banking industries in the EU, the credit crunch is alleviated and the financial markets can return to some level of normality. In turn, the markets would become more stable, bolstered further by an impression that the authorities are truly united and focused on a common cause. Struggling countries would soon be able to borrow money at reasonable rates. Once things are more settled and there is less urgency, EU member states can discuss the development of a common fiscal policy.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!