Soros warns of Depression worse than ’30s if G20 summit fails

28 03 2009

Billionaire businessman George Soros notes that the G20 summit in London

… [is] the last chance to avert a full-scale depression that could prove worse than that in the 1930s.”

Mr Soros made his comments just days after an auction of government bonds failed for the first time in 14 years, signalling serious issues about Britain’s ability to fund its increasing debt load.

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