Germany will always do the minimum to preserve the euro. Doing the minimum, though, will perpetuate the situation where the debtor countries in Europe have to pay tremendous premiums to refinance their debt. The result will be a Europe in which Germany is seen as an imperial power that will not be loved and admired by the rest of Europe - but hated and resisted, because it will perceived as an oppressive power.
George SorosI admire Chancellor Merkel for her leadership qualities, but she is leading Europe in the wrong direction.
George SorosThe worse a situation becomes the less it takes to turn it around, the bigger the upside.
George Soros