Soros: EFSF must take control of Europe's banks

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EUROPE - Hedge fund guru George Soros has argued the European Financial Stability Facility (EFSF) must take control of Europe's banking system if it is to solve the sovereign debt crisis without causing another banking collapse.

Writing in the Social Europe Journal, Soros says allowing the EFSF to take responsibility for the banking sector would restore confidence in the eurozone. "The European Financial Stability Facil...

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