Tags: soros | german | euro

Soros Calls on Berlin to Contribute More to Save Euro

Sunday, 15 April 2012 02:37 PM EDT

US billionaire investor George Soros has called on Germany to contribute more to help save the euro, according to an interview published in the weekly newspaper Welt am Sonntag.

"The Germans should decide if they want the euro or not. If so, they have to carry out financial transfers. If not, they should leave the eurozone," said Soros, also a major philanthropist and author.

If Germany chooses to ditch the eurozone, its exports would suffer as the "new German currency would find itself at a high value."

Soros blamed the German government and Bundesbank for putting the euro in peril over their insistence on austerity and price stability.

"Saving and monitoring price stability worked in Germany and is leading to, in current conditions, bad luck for Europe," he said.

The eurozone has come under severe pressure amid alarm over the state of public finances of countries including Greece, Ireland and Portugal.

© AFP 2026


151
2012-37-15
Sunday, 15 April 2012 02:37 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved