Soros warns Greek default 'inevitable'


Billionaire investor George Soros has warned a Greek default is "inevitable", and EU leaders must adopt a plan B to stem contagion to the rest of Europe.

Writing in the Financial Times, the founder of the Quantum hedge fund said the authorities should implement the wider use of Eurobonds as a way of protecting other countries in the eurozone.  "Greece is heading towards disorderly default and/or devaluation ... A Greek default may be inevitable but it need not be disorderly," he wrote in an editorial for the paper. "While some contagion ...

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