http://www.guardian.co.uk/business/2013/apr/09/george-soros-tells-germany-quit-euro

"The financial problem is that Germany is imposing the wrong policies on the eurozone. Austerity doesn't work. You cannot shrink the debt burden by shrinking the deficit.

"In the bailout of Cyprus, Germany went too far … chancellor Merkel would have liked to put the euro crisis on ice at least until after the elections, but it is back in force.

"The German public may be unaware of this because Cyprus was a tremendous political victory for chancellor Merkel. No country will dare to challenge her will.

"Germany itself remains relatively unaffected by the deepening depression that is enveloping the eurozone. I expect, however, that by the time of the elections Germany will also be in recession.

"That is because the monetary policy pursued by the eurozone is out of sync with the other major currencies. The others are engaged in quantitative easing.

Soros, as ever, is talking his own book, he is no doubt already positioned to take advantage of the Euro unraveling. The Germans have experience of hyper-inflation, which may in part explain their stance, though. Also 'being out of synch' with other major currencies does not have to be a bad thing unless you are a neo-Keynesian ideologue.

Yup - our George (know as the 'Man who broke the Bank of England') must have sold short on a few billion Euro.

He obviously hasn't participated in the debt-relief efforts of the ECB and IMF.

Soros, as ever, is talking his own book, he is no doubt already positioned to take advantage of the Euro unraveling.

True, but it does sound a bit like advising Britain to quit the British Empire (when we had an empire).

Soros, as ever, is talking his own book, he is no doubt already positioned to take advantage of the Euro unraveling.

True, but it does sound a bit like advising Britain to quit the British Empire (when we had an empire).

I remember when sterling was at multi-year lows a while back, Soros's spokesman was interviewed by the media when he opined Sterling was finished, I'm not sure whether the low came that day or the following week, but it was close. Japan has just engaged in a massive bout of quantitative easing money printing and the G8 will need to be all singing from the same sheet to allow high inflation to delay recession a little longer, Merkel may not play ball.

If Merkel said, A plague on all you losers, and opted out, one would hardly blame her.

If Merkel said, A plague on all you losers, and opted out, one would hardly blame her.

Merkel is stuck between a rock and a hard place till elections in september are over.