|Soros Wants to Expel Germany from EU|
|by Tom McGregor||Sun, Sep 9, 2012, 08:41 PM|
Oil Tycoon George Soros is hoping to profit from his investments of selling the euro currency short, as well as buying gold. He’s now pushing for Germany to depart from the European Union.
According to the BBC News, “international financier George Soros has called for Germany to ‘lead or leave the euro’ days before a crucial ruling on the eurozone’s bailout fund by Germany’s constitutional court.”
Soros claims that the eurozone could reach 5% economic growth if it abandons German-backed austerity measures and endorse higher inflation measures.
As reported by the BBC, “he also backed a new European Fiscal Authority financed by VAT receipts to oversee eurozone government finances.”
Soros wrote in the New York Review of Books, in an article published on Monday that Germany should “exit the currency.”
written by Bill Bonds , September 10, 2012
It's not the case that Soros is "pushing for Germany to depart from the European Union." In his essay in the New York Review of Books this week
( http://www.nybooks.com/article...it/?page=1 )
he clearly believes Germany must make a choice about leading the euro or leaving it as a currency, and he makes clear his preference for Germany taking a firm lead in order to save the euro.
He says: "We can hope Germany, when put to the choice, will choose to exercise benevolent leadership rather than to suffer the losses connected with leaving the euro."
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