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Soros urges Germany to Quit Euro


Ulster-Lad

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In a speech in Frankfurt, the Billionaire speculator George Soros, has urged Germany to quit the Euro. Given Germany's resistance to the introduction of Eurobonds Soros argues that Germany should leave.

"If Germany left, the euro would depreciate," he said. "The debtor countries would regain their competitiveness. Their debt would diminish in real terms and, if they issued eurobonds, the threat of default would disappear. Their debt would suddenly become sustainable … and Europe would escape the looming depression."
George Soros urges Angela Merkel to consider quitting euro | Business | guardian.co.uk

Soros makes a valid argument and this same argument has been brought forward before. The question remains what will Germany do? I believe they will probably continue to kick the can.
 


Ulster-Lad

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The same argument, that Germany should leave the Euro, was made almost a year ago to date.

By contrast, if Germany were the one to leave, the euro would be the currency that falls in value, relative to Germany’s new national currency and also to the dollar. The weaker European countries would get to keep the euro but still get the devaluation they need, which would reduce their labor costs far less painfully than through wage cuts. In addition, the value of their outstanding debt would decline along with the value of the euro, and they would be more likely to be able to make payments on that debt and avoid defaulting.

Read more: Why Germany Should Leave the Euro Zone | TIME.com
 

Lempo

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The only news there is that George Soros has changed his previous stance, and him being mainly an investor we should not look at what he says but rather what his money does.

Germany is not exactly the only EZ country opposing the eurobonds, so Germany would not be the only one to leave. And when the biggest players in the EZ would be France, Italy and Spain, every little country not yet on the rocks would have to consider really hard if they want to go there themselves.
 

lies

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In a speech in Frankfurt, the Billionaire speculator George Soros, has urged Germany to quit the Euro. Given Germany's resistance to the introduction of Eurobonds Soros argues that Germany should leave.



George Soros urges Angela Merkel to consider quitting euro | Business | guardian.co.uk

Soros makes a valid argument and this same argument has been brought forward before. The question remains what will Germany do? I believe they will probably continue to kick the can.
His first preference is Eurobonds and an end to austerity measures.
 

Nemesiscorporation

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In a speech in Frankfurt, the Billionaire speculator George Soros, has urged Germany to quit the Euro. Given Germany's resistance to the introduction of Eurobonds Soros argues that Germany should leave.



George Soros urges Angela Merkel to consider quitting euro | Business | guardian.co.uk

Soros makes a valid argument and this same argument has been brought forward before. The question remains what will Germany do? I believe they will probably continue to kick the can.
Soros is one of the people responsible for this mess and keeping this crisis continuing in perpetuity.

Soros is only interesting in making profit and could not care less if in doing so, he tears Europe apart.

I assume Soros has a market position whereby he profits if the Euro drops in value for a while. If his market position and press releases create market uncertainty that causes job losses for ordinary people, Soros will not care as long as he makes profit.

If he does not make profit, he would be first in line for Bankster-Developer welfare and be bailed out, unlike the rest of the 99.99% of people who are not masters of the markets.

If Soros is found to be trying to force a market position, I would call for him to be asset stripped and put in forced labour for the rest of his natural life as an example.

The financiers have made a fortune out of this economic crisis. That now needs to stop and governments need to concentrate on helping the majority of there citizens before it is to late and there is chaos.
 

Ulster-Lad

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Soros is one of the people responsible for this mess and keeping this crisis continuing in perpetuity.

Soros is only interesting in making profit and could not care less if in doing so, he tears Europe apart.

I assume Soros has a market position whereby he profits if the Euro drops in value for a while. If his market position and press releases create market uncertainty that causes job losses for ordinary people, Soros will not care as long as he makes profit.

If he does not make profit, he would be first in line for Bankster-Developer welfare and be bailed out, unlike the rest of the 99.99% of people who are not masters of the markets.

If Soros is found to be trying to force a market position, I would call for him to be asset stripped and put in forced labour for the rest of his natural life as an example.

The financiers have made a fortune out of this economic crisis. That now needs to stop and governments need to concentrate on helping the majority of there citizens before it is to late and there is chaos.
Can you show where Soros is in any way responsible for the current situation? He did bet against the yen and the British pound in the past and made a fortune.
 

ibis

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Can you show where Soros is in any way responsible for the current situation? He did bet against the yen and the British pound in the past and made a fortune.
Yah - he's totally someone who's thinking of the your best interests. And very much your currency's friend...
 

Ulster-Lad

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Yah - he's totally someone who's thinking of the your best interests. And very much your currency's friend...
Come on Ibis I expected better from you. Can you refute this claim?

"If Germany left, the euro would depreciate," he said. "The debtor countries would regain their competitiveness. Their debt would diminish in real terms and, if they issued eurobonds, the threat of default would disappear. Their debt would suddenly become sustainable … and Europe would escape the looming depression."
 

Volatire

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In a speech in Frankfurt, the Billionaire speculator George Soros, has urged Germany to quit the Euro. Given Germany's resistance to the introduction of Eurobonds Soros argues that Germany should leave.



George Soros urges Angela Merkel to consider quitting euro | Business | guardian.co.uk

Soros makes a valid argument and this same argument has been brought forward before. The question remains what will Germany do? I believe they will probably continue to kick the can.
Mr Soros has repeatedly called for Germany to do more to support the single currency or leave it. Last October, he said that Germany should act as the leader of the union such as the United States was for the free world after the Second World War.
It didn't take long for the euro-shills to start their screeching about anglo-saxon speculators and international jewish financiers.

Soros nails it.

Instead of showing leadership, the "creditor nations" sneer at and abuse the victims of the flawed euro-system.
 

RobertW

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The euro would not last long without the Germans. It is an effective German currency
 

Asparagus

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Yah - he's totally someone who's thinking of the your best interests. And very much your currency's friend...
Yah like Merkel, Kenny, Barroso et al are thinking of our best interests.

At least Soros is clear in his request. He thinks Germans presence in the euro is artificially doping it which is causing weaker countries (everybody else) to suffer. The euro needs to devalue for everyone but the Germans.

Sounds like sense for every one but idelogical Germans.
But sure, what harm can German ideology bring?
 

Analyzer

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Soros is the antithesis of the interests of taxpayers. Therefore any suggestion of his should be taken as a recommendation to scelp working people in a manner that benefits other gamblers.
 

Asparagus

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Soros is the antithesis of the interests of taxpayers. Therefore any suggestion of his should be taken as a recommendation to scelp working people in a manner that benefits other gamblers.
But the enemy of my enemy is my friend.
The world wants Europe to stop being a basket case.
 

Lempo

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Come on Ibis I expected better from you. Can you refute this claim?
Refute? There's no need to refute, it is obvious. But George Soros isn't talking the talk for the goodness of his heart, there are his own private financial considerations behind this all that would benefit greatly if the core nations opened an unhinged tab for Eurozone. Which with all the political side-orders would be a bad deal for them, them being the tax-paying people there.
 

Nemesiscorporation

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But the enemy of my enemy is my friend.
The world wants Europe to stop being a basket case.
The enemy of my enemy is still my enemy in this case.

The only way the EU or even the individual states of the EU are likely to survive, is if they stand together as one and fight this as a combined unit and defeat the markets.

The only choice we have in Europe is for everyone to stand together, regardless of opinions of the EU, otherwise some democracies could fall, which would be the worst possible outcome.
 

Lempo

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But the enemy of my enemy is my friend.
The world wants Europe to stop being a basket case.
Enemy is someone coming with tanks and sh1t at you in unlawful business. The definition generally excludes people giving money to you, for a loan or for keeps.
 

Ulster-Lad

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Refute? There's no need to refute, it is obvious. But George Soros isn't talking the talk for the goodness of his heart, there are his own private financial considerations behind this all that would benefit greatly if the core nations opened an unhinged tab for Eurozone. Which with all the political side-orders would be a bad deal for them, them being the tax-paying people there.
Where do you see this open unhinged tab? No where is this mentioned in the OP or the article. What it does state is:

"If Germany left, the euro would depreciate," he said. "The debtor countries would regain their competitiveness. Their debt would diminish in real terms and, if they issued eurobonds, the threat of default would disappear. Their debt would suddenly become sustainable … and Europe would escape the looming depression."
 

Howya

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But with Germany out of the Euro, which country has the financial strength to underwrite issuance of eurobonds? France - no. Italy - no. Soros is expecting the markets to buy bonds on the basis that the risk of default is spread amongst tottering economies and bust peripherals. Don't think so.
 

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