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George Soros: Germany should back growth or leave euro

From telegraph.co.uk

Germany should leave the euro zone if it is not prepared to take a more decisive lead in helping the euro zone's weaker nations escape a spiral of increasing indebtedness and economic decline, financier George Soros said. Soros said Europe faced a prolonged depression and an acrimonious end to the European unification project if steps were not taken to help its southern nations grow their way out of the debt crisis by collectively assuming some of their debt and relaxing its German-led insistence on austerity. "Germany should either lead in developing a growth policy, political union and burden-sharing, accept the ... (full story)

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