US billionaire George Soros is thinking about investing in European banks

US billionaire George Soros is thinking about investing in European banks. Despite the fact that Soros disagrees with the extreme austerity policies underway in many European nations, he believes in the Euro. With economic conditions improving in Europe, even in troubled nations such as Greece, Soros feels it could be the right time to provide banks with much needed capital. Keep in mind, the ECB has basically pledged to keep the financial system from faltering - so there's not as much risk as it may seem. Moreover, Soros has been active in investing in US banks, such as JP Morgan, so he clearly has a taste for the financial sector. Given Soros' track record, it could be time to reevaluation investment opportunities in the Eurozone. (VIEW LINK)