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How George Soros Broke the Bank of England!
Patrick Boyle On Finance
The History of the British Economy
Britain leaving the EORM was not the end of the market chaos that year. The Irish central bank temporarily raised their interest rates to 300%. Sweden, Spain, Ireland and France all eventually devalued their currencies against the Deutsche Mark. Interest rates were going up and down like a whore's draws. In the end Soros might have actually done the British people a favor despite collecting a significant fee.
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