Soros Urges Germany to Take the Reins in Europe

Either that or leave the euro, says the billionaire


Germany should leave the euro – that's one of the recipes billionaire George Soros proposed for the debt-ridden European economies to overcome the crisis.

"The problem would disappear into thin air," as the value of the euro declines and yields on the bonds of debtor countries adjust, CNBC quotes Soros as saying.

Another option involves Germany accepting "greater commitment to helping not only its interests but the interests of the debtor countries, and playing the role of the benevolent hegemon," Soros added.