George Soros: Europe is on Verge of ‘Deflationary Debt Trap’ [VIDEO]

Bloomberg’s Erik Schatzker reports that in an exclusive Bloomberg Television interview, billionaire investor George Soros offers a warning that Europe is on the verge of or already in a “deflationary debt trap.” He speaks on Bloomberg Television’s “Market Makers.”

We have several videos and accompanying text below:

Billionaire investor George Soros talks about the prospect of Spanish Prime Minister Mariano Rajoy seeking a bailout to ease the country’s debt crisis He also discusses risks facing the global economy.

George Soros on the effectiveness of QE3 that is expected from the Federal Reserve today and that he sees progress on the European debt crisis, but it is not enough.