Soros doesn't say it specifically, but just taking this step would probably massively improve peripheral borrowing costs (in Spain and Italy) simply thanks to the expectation that there was a path in place to take the worst-case scenario (a sovereign blowup in either of those two countries) totally off the table.
Read more: http://www.businessinsider.com/soros-on-how-to-fix-the-euro-crisis-2012-6#ixzz1yr52f0l1
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