Soros: The existence of the euro - under threat

Soros, American financier George Soros has again predicted a possible collapse of the euro. At this time the threat to the European single currency, he saw a crisis loans to "problematic" countries in the euro area EU Member States should expend stabilization funds not only on direct loans to impoverished countries, but also to replenish banks' capital, I'm sure Soros. "It would be efficient use of financial resources" - he said in an interview with German newspaper Handelsblatt. According to Soros, to increase capitalization of banks should be very soon, and to do it is in a single pan-European program, ITAR-TASS. "The task of providing banks, the European Union of new funds to strengthen their capital is an extra character", - said Soros. The true danger for the euro is that the current stabilization program, characterized by increased rigidity, would give rise to social tension and a deep political split within the European Union, Soros has warned. Thus, the billionaire actually supported the Greek anarchists who accused German Chancellor Angela Merkel and leaders of other wealthy countries of the euro area is that by issuing loans, they put people in need of financial assistance to States on the brink of survival. Recall that in October 2010 from the podium at Columbia University, Soros blamed Germany in the dispersal of deflation in the euro area. The economic policy of the German authorities, as indicated by the Soros Foundation, "will push Europe into a prolonged stagnation, if not worse." Then he did not rule out the collapse of the euro in particular and the European project as a whole. On the eve of the finance ministers of EU member states agreed to increase the size of Crisis Relief Fund. However, it is Germany continues extremely skeptical when the idea of ??expanding the EU stabilization fund, considering its current volume of 750 billion euros is quite sufficient. Temporary stabilization mechanism of the euro zone was established over three years in May 2010 at the height of the crisis euros. Of the 750 billion euro 440 billion offer state of the euro area and 310 billion - International Monetary Fund. The first country in the euro zone, which last year used the funds of the European stabilization fund, was Ireland.