Friday, August 12, 2011

UNREAL: SOROS BLAMES MERKEL FOR EURO CRISIS

US investment guru George Soros has squarely blamed Germany for the escalation of Europe’s debt crisis – and in particular Chancellor Angela Merkel’s cautious approach.

“It was the German indecision that intensified the Greece crisis and led to the contagion that has transformed it into an existential crisis for Europe,” Soros wrote in a guest commentary for the business daily Handelsblatt on Friday.



Soros, who has long criticised Europe’s handling of the crisis, called for the introduction of jointly backed eurobonds – a call that has been made by many economists but resisted by Germany.



He wrote that it had been a mistake to try to back up individual countries such as Greece via bailouts rather than strengthen the European Union as a whole. Germany now had to take the lead, he added.



“Otherwise the euro will collapse.”


SOROS ISN'T HAPPY JUST BEING ABLE TO BOSS AROUND OBAMA; NOW, HE WANTS TO TELL THE GERMANS WHAT TO DO, TOO!



THE REAL PROBLEM IS EXCESSIVE SOCIAL SPENDING ON WORTHLESS SOCIALIST PROGRAM AND PONZI SCHEMES.



THE REAL SOLUTION IS TO CUT THE PROGRAMS AND PRIVATIZE AS MUCH AS POSSIBLE.

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