Soros: Europe's debt crisis 'potentially' worse than Lehmans

clock

Billionaire investor George Soros has warned the Eurozone's debt problems are potentially worse than Lehman Brothers' collapse due to a lack of leadership on the Continent.

The hedge fund guru said European policymakers appear unable to propose measures to help fund European banks, with shares now back at their lowest point since March 2009. In an interview with The New York Times, Soros said Eurozone leaders have no idea how they will give markets a much needed boost. He added European banks will struggle to ride out the crisis with no clear plan in place. "This crisis has the potential to be a lot worse than Lehman Brothers," said Soros. "The lack of an authoritative pan-European body to handle a banking crisis of this severity is causing a huge ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Woodford IM hits back at FCA's enforcement action including £46m in fines

Woodford IM hits back at FCA's enforcement action including £46m in fines

WIM said it 'strongly disagrees' with the regulator's decision

Cristian Angeloni
clock 05 August 2025 • 3 min read
Regulator bans and fines Neil Woodford and Woodford IM £46m

Regulator bans and fines Neil Woodford and Woodford IM £46m

Woodford has appealed the decision to the Upper Tribunal

Cristian Angeloni
clock 05 August 2025 • 3 min read
Darius McDermott: The line between resilience and risk

Darius McDermott: The line between resilience and risk

'Trump has, for the most part, chickened out'

Darius McDermott
clock 29 July 2025 • 5 min read