"Therefore my investment team is looking forward
to make a lot of money soon in Europe by, for example, pumping
money in banks which urgently need capital," he added, noting
the euro zone needs this kind of private investment right now.
Soros, who founded Soros Fund Management, is one of the hedge
fund industry's most closely watched investors.
Soros told Der Spiegel his management team was also considering
investing in Greece.
"The economic conditions in the country have improved. The
question now is whether one can earn money there on a
sustainable basis. If that is possible we will invest," he said.
Soros renewed his criticism against Germany's policies to save
the euro, saying the austerity measures Chancellor Angela Merkel
had forced upon Europe had aggravated the crisis.
Euro zone financial markets have calmed down in the meantime,
but a sustainable recovery still does not exist, he said.
"I fear that the euro zone could experience a long phase of
economic stagnation similar to Japan's in the past 25 years," he
(Reporting by Marilyn Gerlach;
editing by Louise Heavens)
[© 2014 Thomson Reuters. All rights
Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.