Soros: Euro must survive
YOU know George Soros. He’s the investor’s investor — the man who still holds the record for making more money in a single day’s trading than anyone. He pocketed $1bn (€760m) betting against the British pound on “Black Wednesday” in 1992, when sterling lost 20% of its value in less than 24 hours and crashed out of the European exchange-rate mechanism. No wonder Brits call him, with a mix of awe and annoyance, “the man who broke the Bank of England”.
Soros doesn’t make small bets on anything. Beyond the markets, he has ploughed billions of dollars of his own money into promoting political freedom in Eastern Europe and other causes. He bet against the Bush White House, becoming a hate magnet for the right that persists to this day.
