ShcShc11 0 #1 September 9, 2012 Quote Mr Soros argued that the eurozone should target 5% economic growth. That would require the bloc to abandon German-backed austerity measures and accept higher inflation, he says. He also backed a new European Fiscal Authority financed by VAT receipts to oversee eurozone government finances. In an article published in Monday's New York Review of Books, Mr Soros said that Germany should become a more "benevolent" leading country or exit the single currency: "Either alternative would be better than to persist on the current course." http://www.bbc.co.uk/news/19537693 Its good to know not everyone went insane with constant rambling about spending and budget cuts. Cheers! Shc Quote Share this post Link to post Share on other sites
Marinus 0 #2 September 10, 2012 Interesting view, however it's not at all sure the other countries will stay in the Eurozone if Germany leaves. It doesn't seem unlikely that it would be followed by a "rats leaving the sinking ship" scenario in which all the economically viable countries would leave the Euro, or possibly in some variant on the Neuro/Seuro scenario. Quote Share this post Link to post Share on other sites
