NEWSMAX: Germany’s departure from the 18-nation group probably would have sent the euro reeling, allowing remaining eurozone members to boost their economies through exports, [George] Soros said at an event in London Wednesday, CNBC.com reports…
Right now creditors hold the power, particularly Germany, Soros said. He said Europe has faced “a crisis of ignorance,” as neither governments nor markets understood the problems well.
But that is starting to change, Soros said. “The understanding of the issues is now catching up with reality. . . . It gives me hope.” … (more)
