Soros says euro here to stay but tense time ahead

George Soros, one of the most outspoken critics of Germany's proposed austerity policies to solve the European debt crisis, said the euro was here to stay and would gain as other nations tried to devalue their currencies.

Soros, who made US$1 billion shorting the British pound in 1992, said that while the causes of the euro crisis had not been solved, the acute phase of the turmoil was over. Germany would always do "the minimum" to preserve the currency, Soros said at the World Economic Forum in Davos, Switzerland on Thursday. He forecast a "tense" two years for the euro region.

via Business feed http://www.scmp.com/business/economy/article/1136286/soros-says-euro-here-stay-tense-time-ahead