Germany could cause euro collapse: Soros - The Globe and Mail

Germany could cause euro collapse: Soros - The Globe and Mail: "Chancellor Angela Merkel unveiled plans earlier this month for €80-billion ($107-billion) in budget cuts over the next four years – a package she hopes will bring Germany’s structural deficit within European Union limits by 2013.
“Right now the Germans are dragging their neighbours into deflation, which threatens a long phase of stagnation. And that leads to nationalism, social unrest and xenophobia. Democracy itself could be at risk,” Mr. Soros said.
“Germany is globally isolated ... Why don’t they let their salaries rise? That would help other EU states to pick up.”"