- 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

CNBC [1]
June 23, 2010

German’s budget savings policy risks destroying the European project [2] 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.

Full article here [1]

[3]


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:

[1] CNBC: http://www.cnbc.com/id/37865858

[2] destroying the European project: http://www.cnbc.com/id/36964361/

[3] Image: http://www.homegain.com/housead/homes_for_sale/index?entryid=11502

Copyright © 2013 PrisonPlanet.com. All rights reserved.