George Soros, the billionaire financier, says he thinks the euro and the European Union itself are at risk of breaking up if Germany refuses to play its traditional role and make concessions, Reuters reported, citing an interview conducted with Italian newspaper.
“The Germans have always made the concessions needed to advance the European Union, when people were looking for a deal. Not any more,” Mr. Soros told Corriere della Sera in an interview published on Thursday.
“That’s why the European project is stalled. And if it can’t go ahead from here, it will go backwards. It’s important to understand that if you don’t make the next steps forward for the euro, the euro will go to pieces and the European Union too,” he said.
Mr. Soros, who is speaking at a variety of events in Italy this week, said the E.U. needed a more flexible mechanism on deficit cuts so that countries did not have to cut public spending so drastically. “We need a sort of European Monetary Fund, which would make the adjustment less painful,” he said.
His comments echo those he made to The Financial Times last weekend, before an announcement by euro zone finance ministers of the terms of a support package for Greece.
“It is 50-50 whether the euro zone breaks up. The damage that break up would cause is so great, that I think that as people realize it, they will pull back from the brink,” Mr. Soros told The Financial Times in an interview.
“Unfortunately there are problems with Germany because it does not want to be the deep pockets helping out the profligate southerners which got into trouble.”
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The guy is no crazier than Obama; whatever either of them does is calculated and it reaps rewards for them. Obama is not our president, he is an imposter filling the seat. This man is one of the real rulers. He is only crazy like a fox as Obama. I am not sure why Soros wants more money so control must be his drive. Anyone who can’t relate to something more in life is a bit crazy
What is all the music and ads now plugged into this site? Where did this crap come from?
In the name of free humanity! Don’t pay into slavery. The EU breakup will insure freedom and life for a long foreseeable future.
Germany, feed your tired, your hungry, your politically oppressed.
Others will live, they will have to learn from there mistakes, and grow.
Christ be with you all.
Is Soros out of his mind? Blaming Germany for not paying for the irresponsible behaviour of other nations? Germany is in big trouble as well having a public debt of 1.6 trillion and long-term obligations of 7 trillion EUROS towards her own population! The only way to save Europe is giving back to the nation states the power to issue their own currencies, carry out economic policies themselves, and by devalueating or upvalueating to balance their economies. And while doing this, why not reform the monetary system by abolishing this awful impoverishing system of usury! Crises bring with them historical chances. Let’s seize them!
You know too well about the power of the international financieers, don’t you? They WILL NEVER ALLOW the issuance of countries’ own currencies! The issuance of money, especially the dollar has been in their hands for a long time now. Many wars have been carried out to achieve this. Let’s face it; unless people of all countries join hands in a huge uprise against all our jewish-controlled governments, nothing can be done. A WORLD WAR BETWEEN PEOPLES OF THE EARTH AND JEWISH GOVERNMENTS IS NEEDED URGENTLY or we DESERVE OUR FATE!