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Soros Says Germany’s Budget Threatens Euro

George Soros has called Germany’s plan to realize 80 billion euros (US$107 billion) in spending cuts a “danger for Europe” that could “destroy the European project”.

“Right now the Germans are dragging their neighbors into deflation, which threatens a long phase of stagnation. And that leads to nationalism, social unrest and xenophobia. Democracy itself could be at risk,” he said.

Source: Reuters [1]

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Scott Boyd

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