Soros: Germany is driving eurozone crisis

In a speech he gave at Humboldt University in Berlin this week, Soros said the country risks inflicting deflation on the European Union because of its insistence on budget austerity. "As the strongest and most creditworthy country it is in the driver's seat," Soros says. "As a result, Germany objectively determines the financial and macroeconomic policies of the eurozone without being subjectively aware of it. When all the member countries try to be like Germany they are bound to send the eurozone into a deflationary spiral. "The euro is in crisis and Germany is the main protagonis...