Forbes – Despite being talked up as Europe’s “do or die” moment, the EU summit scheduled for June 28 and 29 won’t provide any closure and will once again disappoint. The smart money is already betting against the euro, with heavyweights like John Paulson and Bill Gross placing bearish bets against German bunds.
Unless European policymakers unveil reforms that show they are moving toward financial integration and some sort of political union, as billionaire investor George Soros noted on Monday, capital flight and financial disintegration will only accelerate.
