The billionaire investor George Soros said he believes in the ability of Greece to remain in the euro area. He also said that the eyes of market participants are currently targeting the debt problems of several countries, including Greece stands in the foreground. “I believe that Greece will do whatever is necessary to meet the requirements to remain in the euro area,” said Soros told reporters in Jakarta. Among the main reasons the country is fighting for his membership in the euro area is that when the ECB adopts its bonds as collateral for a loan of commercial banks. In the event that the country lost the credit rating, however, its securities will no longer meet the necessary conditions and will not be accepted as collateral. “Support in Greece aims to achieve, I hope the EU, the ECB and the euro area to find a way to finance the country which is not too expensive to support,” said Soros, quoted by Bloomberg.
The American economist Nouri Rubies in turn said that the decision of European leaders to help Greece is a step in the right direction. ” According to him, however, the most appropriate in the long term the country would take a loan from European countries and the International Monetary Fund. George Soros has gained worldwide fame when in 1992 Britain refused membership of the eurozone. Then he made several subsequent pledge of 1 billion dollars in the direction that the country will be able to keep its currency within the currency regime before entry into