Friday, February 26, 2010

George Soros Betting Against Euro

George Soros and Euro

George Soros is swooping in like a vulture on a carcass with the euro, as the currency expert who has made the vast majority of his fortune betting on currencies, is looking to make another killing by betting against the euro.

Via his Soros Fund Management company, Soros is putting a huge amount of resources to generate what will eventually be an extraordinary sum of money made from the euro crisis stemming from the PIIGS in southern Europe: Portugal, Ireland, Italy, Greece and Spain.

Soros isn't alone though in his hedge fund focus, as others are salivating to get into what looks like one of the surest bets around to make a once-in-a-lifetime deal on.

George Soros and Euro

No comments: