Billionaire investor George Soros applauded world leaders at the Group of 20 summit on Thursday, saying that for the first time they took a proactive, rather than a reactive, approach to the global financial crisis.
From Reuters:
Billionaire investor George Soros applauded world leaders at the Group of 20 summit on Thursday, saying that for the first time they took a proactive, rather than a reactive, approach to the global financial crisis.
“I would say that it is probably the first time that the authorities are actually ahead of the curve,” Soros told CNBC.
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World leaders of the largest developed and emerging economies meeting in London clinched a $1.1 trillion deal on Thursday to combat the worst economic crisis since the Great Depression and said financial rules would be tightened to stop it from happening again.
“They managed to get more than I expected. They really pulled a few rabbits out of the hat and I think it was a very impressive communique,” Soros said.
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