Soros Launches British Empire Attack Against Germany

June 25, 2010 (LPAC)—Her Majesty's speculator George Soros is leading the attack against Germany, and President Barack Obama has joined him. Soros's Humbolt University attack on Germany is all over the European press, especially the English press.

The Financial Times, in a front-page article under the banner headline "Schaeuble Defends Economic Strategy," plays Soros against German Finance Minister Wolfgang Schaeuble, who has a commentary in the FT defending Germany's austerity policy, ahead of the G20 meeting, where Germany is expected to be attacked for not bailing out the rest of the world.

In his article, Schaeuble expresses "surprise" that his government is being attacked for cutting its budget, since cutting national budgets has become the most "hotly debated issue" today. He defends his policy by countering the U.S. "focus on short-term corrective measures" approach to Germany's concern over "excessive deficits and dangers of high inflation."

The FT counterposes this to Soros's attack on Germany, quoting him as saying "something has gone fundamentally wrong in Germany's attitude to the European Union," which he declares is not only "endangering the EU" but "is liable to push Europe into a period of prolonged stagnation or worse. That will in turn generate discontent and social unrest."

In an interview in this week's Die Zeit, Soros made similar statements saying, "Unfortunately, a collapse of the euro and the European project cannot be ruled out. That would be tragic, because then Europe would be threatened by the sort of conflicts between states that have shaped European history." Soros also called the German ban on naked short sales "counter-productive," alleging that such sales do good service by exposing weak points of the financial markets.

Also quoting the Die Zeit interview, City of London mouthpiece Ambrose Evans-Pritchard in today's Daily Telegraph applauds his soulmate's attack on Germany. Evans-Pritchard, like other media, reports that President Barack Obama's letter to the G20 meeting, in which he wrote that surplus countries should do more to increase global demand, was a clear attack on Germany, not just to get it to increase its stimulus, but also to stop its influence on the European Central Bank from going into full-scale "quantitative easing."

Evans-Pritchard again quotes Soros as saying that the big problem in Europe is not a sovereign debt crisis but a "banking crisis," with the obvious implication that the banks have to be saved by a German stimulus policy.

NÝTT: Á HJARA VERALDAR

http://www.larouchepac.com