Institute for New Economic Thinking
Robert Johnson: “I was hired by George Soros for ‘Black Wednesday'”!
It is now 25 years since George Soros and Robert Johnson* speculated against the pound, costing £3.3 billion in losses, and forcing the UK out of the European Exchange Rate Mechanism (ERM) that paved the way for the euro currency.
According to Johnson this “tough love” was necessary!
Yanis: We're prepared for compromises, 'we are not prepared to be compromised'
"? We are prepared to make all sorts of compromises, we are not prepared to be compromised," was Greek FinMin Yanis Varoufakis' parting shot on Thursday in a Bloomberg TV interview from Paris.
Greek FinMin Y. Varoufakis in Paris
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