The results of a poll released today reveals that more than half of all Germans have absolutely no confidence in the euro and want to bring back their national currency, the Deutschmark.

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Fresh worries about European banks sent stocks lower Tuesday. Treasury prices rose as investors sought out safe places to park their money.
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Germany’s budget savings policy risks destroying the European project and a collapse of the euro cannot be ruled out, billionaire investor George Soros said in a newspaper interview released on Wednesday.

“German policy is a danger for Europe, it could destroy the European project,” he told German weekly Die Zeit.

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Value of the Euro is falling and the Greek debt crisis is not helping. The euro continues to lose value as investors remain concerned about a solution for Greece’s fiscal problems.

The currency fell to a record low of 1.4232 francs on trading platform EBS, while falling to an all-time low against the Australian dollar to $1.4654.
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George Soros, the well-know hedge fund tycoon, warned that the euro could ‘fall apart’ even if the European Union can agree a ‘makeshift’ deal to shore up support for stricken Greece.

Ballooning budget deficits in a raft of other eurozone economies threaten the future of the single currency, according to the speculator who broke the Bank of England in 1992.
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