Soros: Europe has 3 months to address crisis

[Forgiven]

By Deborah Levine
MarketWatch
June 3, 2012

NEW YORK (MarketWatch) — The European Union has three months to address its financial crisis before the markets stop giving it time, but in the end the euro is likely to remain, said George Soros, chairman of Soros Fund Management LLC.


Europe is struggling with a fundamental flaw of its original design: that’s it’s a monetary and economic union but not a political or fiscal one, Soros said at the Festival of Economics in Trento, Italy, according to remarks posted Sunday on Soros’s website.


The solution will require European deposit insurance to stem the outflows of deposits already being seen from peripheral countries’ banks, he said. It will also require allowing banks to access direct financing from the European Stability Mechanism — the region’s permanent bailout mechanism which currently is designed to be tapped by sovereign


That will need to go hand-in-hand with euro zone-wide supervision and regulation, he said.

More: Europe has 3 months to address crisis: Soros - MarketWatch

[makememeek]

The EU is looking for 'someone" to set things straight.

However! Nebuchadnezzer DID NOT dream of a statue with 27 toes of clay and iron.

Incidently, when John saw that Beast with 10 horns and 7 heads rise from the "sea"
in Revelation 13:1,
those of us who believe the Bible know that the "sea" are the peoples, nations and families
of the world.

But remember what the 'sea', ANY SEA, has as its properties.
ANY SEA behaves like, or is, water and thus has:
1) INSTABILITY (Genesis 49:4).

2) RAGING ACTIVITY IN STORMS (Jude 13)

3) GOES WITH THE FLOW (Just like riptides and currents).

4) TOSSED ONE WAY, THEN ANOTHER, WHICH EVER WAY THE WAVES TOSS (James 1:6).

5) FICKLE AND UNCERTAIN (James 1:6)