Saturday, January 1, 2011

Soros: Germany, "starring" The euro crisis.

<P> Soros made a speech in Berlin, said: </ P> <P> "as the most powerful, most reputable (euro area) countries, the German driver sitting position. Therefore, the objective decided in the euro area, Germany .fiscal and macroeconomic policies, subjectively, without realizing it. When all the member states try to emulate Germany, they are sent to a deflationary spiral will the euro area. "</ P> <P> - Soros </ .P> <P> George Soros, the U.S. financial predators (also translated Soros) 23 speech in Berlin, Germany is the euro crisis, criticism of "star", said Germany's insistence on tight budgets may lead to deflation, and ultimately .could jeopardize the entire European Union. .</ P> <P> European policy makers last month to rescue the euro area member states agree on a program, the program requires the recipient to take stringent austerity measures. .Greece, Spain, Italy and Portugal are committed to intensify efforts to reduce the deficit. .</ P> <P> "Euro crisis, is starring in Germany," Soros day speech at the Humboldt University, said, "Unfortunately, Germany did not realize what they are doing. It does not want to .impose their will in Europe, want to maintain their competitiveness, as other European countries to avoid the shade of the trees. "</ P> <P> Soros warned that the deficit could substantially reduce the global economic slowdown or secondary .bottom. .</ P> <P> worst results or to destroy the European Union </ P> <P> Soros said that German addicted to debt reduction, Bong "Maastricht Treaty" as "must adhere to and should not be modified" .dogma. .</ P> <P> "Maastricht Treaty" November 1, 1993 entered into force for the euro area January 1, 1999 the foundation was officially launched. .Treaty for the euro area member states to set a limit budget deficits and debt. .</ P> <P> "by insisting on pro-cyclical policies, Germany is endangering the European Union," Soros said, "I realized that this is a serious accusation, but I'm afraid the blame yet fair. We can not blame Germany hopes .a strong currency, a balanced budget, but you can accuse it of imposing their own preferences to other countries with different needs. "</ P> <P> Soros said he is difficult to predict what the countries will be affected," the worst case ., this may destroy the EU ... .... "</ P>.

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