Europe crisis more dangerous than 2008: Soros

BANGALORE |
Mon Jan 9, 2012 3:44pm IST

BANGALORE (Reuters) – The debt crisis in Europe is more dangerous than the global financial turmoil in 2008, billionaire investor George Soros said on Monday.

Soros, who made investment history by earning $1 billion with a bet against the British pound two decades ago, said the prospect of a “deflationary vicious cycle” could affect the real economy.

(Reporting by Harichandan Arakali; Editing by Subhadip Sircar)

Article source: http://feeds.reuters.com/~r/reuters/INbusinessNews/~3/cqOTjTV9cGI/soros-europe-idINDEE80807R20120109

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