Soros’ exhortation for fiscal union to save the Euro

There’s an anecdote in a book called “What They Teach You At Harvard Business School” by Philip Broughton about a speech given to the students concerning the little things that make a good leader.

He emphasised the difference between the victims at a company, those who blamed others and felt sorry for themselves, and those who tried to make things right. Identifying the victims, or ‘spectacle makers’, was vital, or else they would contaminate everything you did. To illustrate the polluting effect of a whiner, he said: ‘If I had my favourite bowl of ice cream over here and a bowl of shit over here, if I took one speck of shit and put it in the ice cream, would you eat the ice cream?’

In an interview given by Soros to Der Spiegel he argues that unless Germany agrees to fiscal union with the other eurozone members the Euro will break up and there will be a banking collapse. However, what he is advocating is stirring all the PIIGS shit into the ice cream.

Category: General, Geo Politics, Macro, PIIGS, The Euro Comment »


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