Soros tells Germany 'lead or leave euro'

George Soros has urged Germany to "lead or leave the euro" just days before a key ruling on the eurozone's bailout fund by Germany's constitutional court.

He said the eurozone should target 5% economic growth, which would require the bloc to dump German-backed austerity measures and accept higher inflation, the BBC reports. In an article published in the New York Review of Books, Soros said Germany should become a more "benevolent" leading country or exit the single currency: "Either alternative would be better than to persist on the current course." He also backed a new European Fiscal Authority, financed by VAT receipts, to oversee eurozone finances. His comments come as Germany's constitutional court is set to rule on whether the ...