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Soros: Germany’s Austerity Push will Lead Europe into Depression

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Soros: Germany's Austerity Push will Lead Europe into Depression

 

France might have political ambitions for more leadership in Europe, but cutting its ties with Germany could raise its risk premium, veteran financier George Soros tells Thomson Reuters Digital Editor Chrystia Freeland.

Several videos embedded in this article.

Members of a euro zone that does not feature Germany in its midst could borrow at rates comparable to Japan or the U.S., veteran financier George Soros tells Thomson Reuters Digital Editor Chrystia Freeland.

The ECB’s action on Thursday might have pleased markets for now, but it is bad news in the long run, veteran financier George Soros tells Thomson Reuters Digital Editor Chrystia Freeland.

Link –here.

Germany needs to embrace its leadership role in Europe or leave the euro. Link to video –here.

Imposing austerity and the burden of adjustment on the debtor countries could push Europe into a prolonged depression.  Link –here.

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