Billionaire investor and philanthropist George Soros made some bold statements in an interview with the Financial Times, saing that Germany must either lead the Eurozone out of recession or leave the currency union in order to save the future of Europe.

He advised Germany to boost growth, create a joint fiscal authority, and guarantee common bonds if it wanted to lead the Eurozone out of recession.

"Lead or leave: this is a legitimate decision for Germany to make," Soros said.

"Either throw in your fate with the rest of Europe, take the risk of sinking or swimming together, or leave the euro, because if you have left, the problems of the Eurozone would get better.

"It is entirely dependent on Germany's attitude," he added. "If they insist on a policy of austerity, of reinforcing the current deflationary stance, and they won't budge from that, then in fact it would even be better for them in the long run [to leave]."

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