Wednesday, June 23, 2010

Soros: Germany could destroy the Euro

"German policy is a danger for Europe, it could destroy the European project," said Soros, who earned $1 billion in 1992 by betting against the British pound.




He added in an interview with German weekly Die Zeit that he "could not rule out a collapse of the euro."



"Right now the Germans are dragging their neighbors into deflation, which threatens a long phase of stagnation. And that leads to nationalism, social unrest and xenophobia. Democracy itself could be at risk," he said

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