2012年6月25日星期一

There's a disagreement on the fiscal side

"There's a disagreement ray ban sunglasses fashion outlet on the fiscal side, and unless that is resolved in the next three days, then I'm afraid the summit could turn out to be a fiasco, and that could be actually fatal because you are facing the possiblity of Greece leaving the euro and perhaps the European Union, and you need to strengthen the remaining euro structure to withstand that shock," Soros told Bloomberg TV. A summit of European leaders is set to take place later this week -- the latest of many summits that have typically concluded with agreements on ray ban sunglasses cheap sale half-measures. Meanwhile, borrowing costs for Italy, Spain and other troubled eurozone countries have been on the rise, as investors fear these countries might default and leave the eurozone. Soros has said he is concerned that peripheral eurozone countries will be stuck in a permanent economic downturn in which they have to pay sky-high interest rates on their debt. He said only fiscal backing by the eurozone can reassure investors enough to lower interest rates for these countries, allowing them enough breathing room to ray ban sunglasses new style best online implement policies that will spur economic growth.

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