[wisty]

It's the gold standard debate all over. The Euro prevents the Greeks from printing their way out of a crisis. They can regulate their banks, but not control their currency.

I think Soros would rather be speculating on fiat currencies, rather than less flexible ones. So you are probably right that he has an agenda. It doesn't mean he's wrong, though. There would be other predators who would rather try short bonds written by gold (or Euro) standard countries ... just because they'd rather have the Euro doesn't mean they are wrong simply because they would be pushing an agenda.

The gold standard debate is just so annoying though. There's rarely any data, just lots of arguments, and bickering at cross purposes. (X is good because it's more stable ... no wait it's good because it's less stable ... no it's good / bad because it punishes evil investors / lazy non-investors ... wait, what do you mean the banks effectively print money, shouldn't it be illegal to lend out money they don't have in a safe?).