Billionaire investor and philanthropist George Soros said today the global economic crisis will have a "serious and lasting" impact, news agency Reuters reported.
In a brief interview with Hungarian public television during a visit to Budapest, Soros said the world must learn the lesson from the crisis and overhaul the regulation of financial markets.
"One year after the crisis, now that the financial framework has been successfully held together and money markets start to recover, people would like to forget this (crisis) just as a bad dream," Soros said.
He also said withdrawing and exiting stimulus measures, such as government loan guarantees to ease the credit crunch, will be very difficult, Reuters reported.
Soros runs hedge fund firm Soros Fund Management and has made his reputation with bold currency bets.
He is conducting a series of lectures at Budapest's Central European University this week about his philosophical theories and views on financial markets.
Crisis 'serious and lasting' - Soros
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