Songs Everyone Should Have On Their Ip Od 2010

Soros still does not see an end to the "collapse" the global financial

rapporteurs Pedro Nicolaci da Costa and Juan Lagorio -
editor Gary Hill-Reuters
http://www.reuters.com/article/idUSTRE51K0A920090221

May 15 2010



The renowned investor George Soros said last Friday
(May 14th 2010 - translator.) that the financial system World
and is' literally disintegrated He added that there
to time no prospect of a resolution
short-term crisis.



Crisis in the Credit

Soros said that the turbulence and 'actually' more 'severe
that during the Great Depression, comparing the situation
current to the dissolution of the Soviet Union .

He also stated that the bankruptcy Lehman Brothers ,
in September 2008, the sign 'a turning decisive in
operation of the market.

" We have witnessed the" collapse "of the financial system "
Soros said at a reception to Columbia University.

"The financial system 'was kept alive artificially, and and'
still in intensive care. There is no sign
that we are in no way close to the point more 'low
( the end - translator's note.) crisis. "




Statements of Soros attracted those who were
been made earlier, during the same conference, by
Paul Volcker, formerly governor of the Federal Reserve "
(the Central Bank of the United States - translator's note.) , who now works as a consultant
highest level of the President Barack Obama.

Volcker ha affermato che la produzione industriale in tutto il
mondo sta diminuendo anche piu' rapidamente che negli
stessi Usa , i quali sono essi medesimi sotto severa tensione.

" Non ricordo alcuna situazione come quella corrente, forse
nemmeno al tempo della Grande Depressione, in cui i disastri
finanziari ed industriali si siano verificati so '
fast, it' so uniformly throughout the world "
said Volcker.



Translated by Francesco Caselli