Sept. 24 (Bloomberg) -- Greece may be unable to avoid defaulting on its sovereign debts and Europe should prepare for that event, billionaire investor George Soros said.
‘Greece needs to do everything it can to avoid default, but it may not be able to,’’ Soros said on a panel today at the International Monetary Fund and World Bank meetings in Washington. “It’s very important from a point of view of reassuring the markets” to prepare for a potential Greek default, he said.
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