From the HUFF POST:
Greece is heading for default, or at least a devaluation, and European Union (EU) leaders have to adopt a “plan B” to stem contagion to the rest of the bloc, billionaire investor George Soros said on Tuesday.
“Greece is heading toward disorderly default and/or devaluation … A Greek default may be inevitable but it need not be disorderly,” he wrote in an editorial for the Financial Times.
“While some contagion … will be unavoidable, the rest of the euro zone needs to be ringfenced. That means strengthening the euro zone, probably by wider use of Eurobonds and a euro zone deposit insurance scheme,” he said…
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