In a speech in Frankfurt this week, the Hungarian-born investor said he expected
Europe's largest economy
to be contracting by the time Germans vote in national elections in September.
Pointing to the
Cyprus bailout, he said the
eurozone crisis was far from over and was likely to become more acute in the
itself remains relatively unaffected by the deepening depression that is
enveloping the eurozone," he said. "I expect, however, that by the
time of the elections, Germany
will also be in recession...."