More experts start expressing concerns over a possible eurozone break-up as the debt crisis is far from being over.
In particular, George Soros believes that the entire eurozone will benefit if Germany quits it. Germany will be able to go back to its Deutsche Mark (and to avoid sharing the same currency with weak economies) while the peripheral debt-ridden economies will see their debts shrinking after the weakening of the common European currency.
Southern European States Are Against Austerity
Not so long ago, Spain , Greece and other southern peripheral eurozone states saw their people protesting against austerity. Even in Poland, Germany and France some people are getting ready to protest.
Analysts share Soros’s standpoint on the eurozone issue. Germany is the biggest and strongest eurozone economy. Its bonds are Europe’s most stable and reliable. Some experts assume that Germany’s desire to preserve the integrity of the eurozone may undermine its position in the international arena.
At the same time, Robert Zoellick, President of the World Bank, criticizes European leaders by calling their anti-crisis efforts indecisive and delayed.
