Bloomberg News

Soros Says Structural Reforms Alone Won’t Solve Europe Crisis

January 26, 2012

Jan. 25 (Bloomberg) -- Billionaire investor George Soros said structural reforms alone won’t be enough to solve the problems of highly-indebted countries.

“You must impose strict fiscal discipline on deficit countries but then you must find some stimulus to get out of the deflationary spiral,” Soros told reporters in Davos, Switzerland today. “Structural reforms alone won’t do it. Stimulus has to come from the European Union. This will require euro bonds one way or the other.”

To contact the reporter on this story: Jana Randow in Davos, Switzerland at jrandow@bloomberg.net

To contact the editor responsible for this story: Simon Kennedy at skennedy4@bloomberg.net


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