George Soros believes that the Euro will remain strong while the world’s other currencies weaken. He spoke at the World Economic Forum in Davos, Switzerland earlier this week. Soros also warned this week of a possible impending currency war throughout the world.
Soros said that although the European economic crisis isn’t over yet, the worst of it is past. He predicts that the next two years will be “tense” ones for the euro. According to Soros, the austerity policies proposed by Germany are the wrong policies to be following right now. He said if Germany does convince the rest of the euro nations that they should tighten up on their policies, then the euro will appreciate while countries in other parts of the world expand, which could result in a currency war.
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