Germany Could Cause Euro Collapse: Soros

German’s budget savings policy risks destroying the European project and a collapse of the euro cannot be ruled out, billionaire investor George Soros said in a newspaper interview released on Wednesday.

“German policy is a danger for Europe, it could destroy the European project,” he told German weekly Die Zeit.

Mr. Soros, who earned $1-billion in 1992 by betting against the British pound, added that he “could not rule out a collapse of the euro".'

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