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On September 16, 1992, Black Wednesday, Soros's fund sold short more than US$10 billion worth of pounds,[24] profiting from the Bank of England's reluctance to either raise its interest rates to levels comparable to those of other European Exchange Rate Mechanism countries or to float its currency.
Finally, the Bank withdrew the currency from the European Exchange Rate Mechanism, devaluing the pound sterling, earning Soros an estimated US$1.1 billion. He was dubbed "the man who broke the Bank of England."[26] In 1997, the UK Treasury estimated the cost of Black Wednesday at £3.4 billion.
On Monday, October 26, 1992, The Times quoted Soros as saying: "Our total position by Black Wednesday had to be worth almost $10 billion. We planned to sell more than that. In fact, when Norman Lamont said just before the devaluation that he would borrow nearly $15 billion to defend sterling, we were amused because that was about how much we wanted to sell."
Stanley Druckenmiller, who traded under Soros, originally saw the weakness in the pound. "Soros' contribution was pushing him to take a gigantic position."[27][28]
CNBC goes on to report:
In 1997, the UK government notified the European Union that it was not intending to adopt the euro on its launch on January 1, 1999. The country can change its mind at any time and introduce the single currency if it meets the economic criteria on issues such as inflation, interest rates and budget deficit.
This decision came from the lesson that Soros taught them, no?
Euro zone countries are setting out "convincing plans" to deal with the debt crisis, Osborne said, showing that the Irish took "very difficult" decisions such as cutting wages to become competitive again.
The plans are not convincing at all, at least not to anyone who bothered to read them. Reference:
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Smoking Swap Guns Are Beginning to Litter EuroLand, Sovereign Debt Buyer Beware!
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Once You Catch a Few EU Countries “Stretching the Truth”, Why Should You Trust the Rest?
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Lies, Damn Lies, and Sovereign Truths: Why the Euro is Destined to Collapse!
As for the UK, we have looked into them and they have their own issues forthcoming. Subscribers, reference 
UK Public Finances March 2010. Those who do not subscribe can glimpse this two page preview (click here to subscribe) which gets the message across:
Next up, fancy Spanish haircuts, Portuguese hairstyles to avoid, and a longer term view of the currency malaise such as the one mentioned above. After that we will get back to the US banks and the monoline thing and then look at the tech companies that I have an interest in.
