Billionaire investor George Soros has said the eurozone crisis will only be resolved when Germany "wakes up" and realises it is to blame for introducing a single currency in the first place.
Although Germany has been quick to point the finger at peripheral nations' spiralling debt problems for the ongoing turmoil on the continent, Soros said Germany and neighbouring nation France are responsible. Speaking to Bloomberg, Soros (pictured) said: "German public opinion should recognise they have a responsibility for what has happened to the other countries. It is too easy for the Germans to think that whoever has the debt has the guilt. "In reality, Germany and France carry a very heavy responsibility, first for introducing the euro with structural problems, which has now real...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
