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Europe’s Defenses Against Greek Default Too Weak, Soros Says

George Soros
Billionaire investor George Soros. Photographer: Simon Dawson/Bloomberg

Billionaire investor George Soros said European policy makers haven’t done enough to insulate the rest of the region from any Greek default.

“If Greece defaults it should not be the end of the world,” Soros said in an interview with Bloomberg Television in Davos, Switzerland, today. “But the rest of Europe needs to be sufficiently ring-fenced, and not enough has been done to ring-fence it. Not enough has been done to isolate the rest of the euro zone.”

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