George Soros Says Trichet Got It Wrong, There’s No Way The ECB Should Have Hiked Rates

Geogre Soros

[credit provider=”World Economic Forum via Flickr” url=”[email protected]/4309799402″]

George Soros has come out against Jean-Claude Trichet, the ECB, and its recent rate hike, according to an interview with Bloomberg TV.”It is not appropriate in current circumstances when you have a number of countries that are suffering from too much debt and high interest rates,” Soros said in reference to the rate hike.

Soros is currently conducting at conference at Bretton Woods on reshaping the global economy. It’s run by his think-tank, the Institute for New Economic Thinking.

Meet the 26 members of George Soros’s secret team to rewrite economics >