Soros: Eurozone Status Quo Is A Nightmare

George Soros has added his voice to the Eurozone bears who think the sovereign debt crises of the last few years will continue to wreak havoc if Germany doesn’t change its policy soon.

Soros on eurozone’s status quo

“The eurozone status quo is neither tolerable nor stable,” he wrote in an op-ed for Project Syndicate. “I call it a nightmare… The problem is that the debtor countries feel all the pain, while the creditors impose the misconceptions and taboos.”

According to Soros, Germany is uncomfortable with its role as regional hegemony because...