Wednesday, June 23, 2010

Soros tells Germany to step up to its responsibilities, or leave EMU

http://www.telegraph.co.uk/finance/currency/7849965/Soros-tells-Germany-to-step-up-to-its-responsibilities-or-leave-EMU.html

So what's it to you George?


"German policy is becoming a danger that could destroy the European Project. A collapse of the euro cannot be excluded," he told the German weekly Die Zeit.

"Unless Germany changes policy, its withdrawal from the currency union would be helpful for the rest of Europe. At the moment Germany is pushing its neighbours into deflation: this threatens a long phase of stagnation, leading to nationalism, social unrest, and zenophobia. It endangers democracy," he said.