Europe has three months - level 3, A12
Billionaire investor George Soros has warned European leaders. He said that they have only three months to save the euro. He said it at a conference in Italy.
He said that leaders of Europe didn’t understand the nature of the crises. The European leaders try to cut down spending but the economy might become smaller when you cut spending.
The problem of Europe is in the banking system. The best solution is not to cut spending, save more money and make the economy smaller. The best solution is to make it possible for the economy to grow. Only growing economy can make enough money to pay down debt.
Written by Danny for News in Levels
Interesting words: warn, cut down, spending.
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