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Soros Sees Merkel Shoving Europe Into ‘Deflationary Debt Trap’

George Soros is usually thought of as the man whose hedge fund broke the Bank of England with a $10 billion bet that the pound would lose its peg to other European currencies.

These days, the billionaire investor is seeking to save a currency union, not bury it. In “Financial Turmoil in Europe and the United States,” he laments that the euro has become an “existential crisis” for Europe and places much of the blame on one person: Angela Merkel.