In an interview with Corriere della Sera, George Soros said that unless Germany agrees to play its traditional leadership role in Europe and makes concessions to other members of the euro zone, the single currency itself could be at risk.
"The Germans have always made the concessions needed to advance the European Union, when people were looking for a deal. Not any more. That's why the European project is stalled," Soros said.
But Soros is not alone in believing the great euro experiment is now in serious danger.
Economists at Morgan Stanley believe that while the rescue package for Greece removes short-term liquidity risks, “long-term solvency risks remain firmly in place
Morgan Stanley as a result concludes there is now a very real chance of both the euro and the EU falling apart.ace." Read more
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