Soros: Euro, EU Will Collapse if Germany Doesn’t Make Concessions


Newsmax
April 17, 2010

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Billionaire financier George Soros 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, he told a newspaper.

“The Germans have always made the concessions needed to advance the European Union, when people were looking for a deal. Not anymore,” Soros recently told Corriere della Sera.

“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.

Soros, who is speaking at a variety of events in Italy this week, said whereas in the past there had been the political will to go forward, “now there’s a lot of doubt that it is there.”

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