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Soros Sees Germany in Recession by September Elections

April 9, 2013 5:50 PM
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Germany’s economy will probably be in a recession by elections scheduled for the end of September because monetary policy officials in the euro area aren’t providing the necessary stimulus, said billionaire investor George Soros.

“Germany itself remains relatively unaffected by the deepening depression that is enveloping the eurozone,” Soros said in a speech at the Johann Wolfgang Goethe-University in Frankfurt today. “I expect, however, that by the time of the elections, Germany will also be in recession.”

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