|Source: Norway UN (Flickr)|
Soros: "I think that you could have two or three of the small countries default or leave the euro provided it is prepared and done in an orderly way."
Bartiromo: "Is what's happening right now in the U.S. and Europe worse than the Lehman Brothers fallout?" Soros: "It is a more dangerous situation, and i think that the authorities, when push comes to shove, will do whatever it takes to hold the system together."
Bartiromo: "Do you think we'll see a double dip here in the U.S.?" Soros: "I think we are in it already." (video and transcript source: CNBC)
FYI: Over the weekend, The Telegraph broke news that a €2 trillion fund is being planned "to meet Italy and Spain’s financing needs in the event that the two countries were shut out of the markets. Officials are working on a way to leverage the EFSF (€440 billion rescue package) through the European Central Bank to reach the target."
Multi-trillion plan to save the eurozone being prepared (Telegraph, 9/24/2011)
The €2 trillion fund to save the euro (Telegraph, 9/25/2011)
IMF may need billions in extra funding, says Lagarde (Telegraph, 9/25/2011)
EFSF's Regling: EFSF Borrowing From ECB May Not Be Legal (WSJ, 9/24/2011)