In the fight between European governments and hedge funds, it’s clear which side Sebastian Mallaby is on. The author of More Money Than God thinks that the governments, in general, “mismanage their own economies and then they want to scapegoat the hedge funds.”
Mallaby goes on to say that if George Soros and Stanley Druckenmiller hadn’t expedited the breaking of the Exchange Rate Mechanism, then more people would have been without jobs. Therefore, “a lot of people in Britain owe their jobs to George Soros.”
Produced By: Kamelia Angelova & William Wei
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