- Prison Planet.com - http://www.prisonplanet.com -
Soros Says Germany Could Cause Euro Collapse
Posted By admin On June 23, 2010 @ 2:57 am In Money Watch | Comments Disabled
June 23, 2010
German’s budget savings policy risks destroying the European project  and a collapse of the euro cannot be ruled out, billionaire investor George Soros said in a newspaper interview released on Wednesday.
“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.
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/soros-says-germany-could-cause-euro-collapse.html
URLs in this post:
 CNBC: http://www.cnbc.com/id/37865858
 destroying the European project: http://www.cnbc.com/id/36964361/
 Image: http://www.homegain.com/housead/homes_for_sale/index?entryid=11502
 Soros warns euro crisis could destroy the EU: http://www.prisonplanet.com/soros-warns-euro-crisis-could-destroy-the-eu.html
 ‘Probably inevitable’ a country will exit euro: Soros: http://www.prisonplanet.com/%e2%80%98probably-inevitable%e2%80%99-a-country-will-exit-euro-soros.html
 Soros Fears ‘Rebellion’, Warns “The Euro Could Destroy The EU”: http://www.prisonplanet.com/soros-fears-rebellion-warns-the-euro-could-destroy-the-eu.html
 Euro Debt Crisis Is Worse Than US in 2008: George Soros: http://www.prisonplanet.com/euro-debt-crisis-is-worse-than-us-in-2008-george-soros.html
 Three Months to Save the Euro: George Soros: http://www.prisonplanet.com/three-months-to-save-the-euro-george-soros.html
Copyright © 2013 PrisonPlanet.com. All rights reserved.