Soros blames Germany for 'tragic' policies

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George Soros has called on Germany to leave the euro. The billionaire investor will warn in a speech to financiers in Berlin tonight that Europe faces a prolonged depression and an acrimonious end to the European unification project if steps are not taken to help its southern nations grow their way out of the debt crisis.

"Germany is foisting the wrong policy on Europe," Mr Soros said. "This is not the result of some evil plot but an unintended consequence of an unplanned course of events."

Mr Soros warned that German politicians have started to figure out the advantages the policy has conferred on Germany and this has begun to influence their policy decisions. "As time passes, there are increasing grounds for blaming Germany for the policies it is imposing," he said. "This is a tragedy of historic significance."