Opinion (George Soros, billionaire investor): ”Europe’s debt crisis risks triggering another Great Depression unless euro zone leaders adopt a series of radical policy measures, including the creation of a common treasury.
“‘There is no alternative but to give birth to the missing ingredient: a European treasury with the power to tax and therefore to borrow.’
“‘The German public still thinks that it has a choice about whether to support the euro or to abandon it. That is a mistake,’ he writes.
“‘The euro exists and the assets and liabilities of the financial system are so intermingled on the basis of a common currency that a breakdown of the euro would cause a meltdown beyond the capacity of the authorities to contain.’
“‘The longer it takes for the German public to realize this, the heavier the price they and the rest of the world will have to pay.'”
My Comment: It is not a solution because all the problems are revealed to us only to force us to unite into a single whole. Soros proposes not the correction of society, which is what nature requires from us, but the elimination of nature’s pressure. In this case, we will get more pressure, in the form of a greater crisis (perhaps in a different place and form).