Soros says worst of global crisis behind us

The following are comments of Soros about the current situation of globalization/global crisis :

This is not like previous crises but marks the end of an era. The system to date had been based on the false assumption that markets can independently regain their equilibrium and that the system is self-correcting.

We need international regulations to retain international markets. This won't be easy...If we won't be able to do this... than globalization, as we now know it, will fall apart,

To deal with the current crisis,  the state must step in, give guarantees to financial institutions and increase government spending.

Since that could create a risk of hyperinflation he said the state must diminish its role once the credit system is restored.