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Athens Macedonian News Agency: News in English, 14-02-23
CONTENTS
[01] Economic conditions in Greece have improved, Soros says
[01] Economic conditions in Greece have improved, Soros says
BERLIN (ANA-MPA/F. Karaviti) Economic conditions in Greece have improved,
global investor George Soros said in an interview with the German
newspaper 'Der Spiegel' on Sunday, when asked if he would invest in
the country. He also repeated his criticism of German Chancellor Angela
Merkel over her handling of the economic crisis in Europe.
"The situation in the Eurozone remains very critical and the Germans know
this. The austerity policy imposed by Chancellor Merkel was mistaken,"
he asserted, noting that this had increased the intensity of the crisis
unnecessarily, and that the situation in financial markets had now calmed
down but there was no discussion on a sustainable recovery.
He expressed fears that the Eurozone might enter into a long period of
economic stagnation, similar to that in Japan, but said that he would
invest in Greece provided it was judged possible to have a lasting profit.
Soros said the European Central Bank had adopted the correct attitude to
the crisis but noted that banks did not do enough to finance businesses
and the ECB's chances of success were limited as long as investors in
the crisis countries were not active.
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