The lower interest rates fueled housing and consumption booms in countries such as Spain and Ireland. At the same time, Germany, struggling with the burdens of reunification, tightened its belt and became more competitive. All this led to a wide divergence in economic performance. Europe became divided into creditor and debtor countries.
George SorosNow that I have called you on your false accusation, you are using additional smear tactics.
George SorosWhen money is free, the rational lender will keep on lending until there is no one else to lend to.
George Soros