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BERLIN — Billionaire investor George Soros said Germany’s insistence on fiscal tightening could initiate a deflationary spiral and may ultimately endanger the European Union as a whole.
Forcing Europe’s governments to slash budgets could push the continent “into a period of prolonged stagnation or worse,” Soros said in Berlin. “That will, in turn, generate discontent and social unrest.”
Denver Post staff and wire reports
