George Soros hints England may be next to be hit

Investor George Soros on 16 September 20008 says that the financial market turmoil is far from over. England could be the next to be hit outside of US Wall Street in the coming period.

George Soros on and interview with BBC expresses his view on the Lehman Brothers bankruptcy and AIG's troubles.

He said that he is worried and that at a certain level, we are still in the process of entering the financial troubles storm and not going out.

When asked whether the US government should save Lehman Brothers, Soros said yes or no will leave it to the market to decide. But he says that the US government bailout faces moral risks and that in the end the US government has to do anything possible in order to save the financial system crisis.

Soros said that England's economy dependency on the financial industry makes it especially vulnerable the current financial crisis. He says that the financial industry constitutes a big part of England's economy so he thinks that the impact of the current financial crisis on England will be much greater that other countries.