Analyst's note:  Is this a prediction or a call for action or both? Lets just say that his projected timing is probably about right.  Read the entire speech at the Festival of Economics, Trento Italy.

[....] “The Greek crisis is liable to come to a climax in the fall.  By that time the German economy will also be weakening so that Chancellor (Angela) Merkel will find it even more difficult than today to persuade the German public to accept any additional European responsibilities. That is what creates a three-month window.”

[....] Translated into colloquial English, this all essentially means– “Germany needs to fork over more money, and European nations should be further linked in an ‘open society’ through financial and economic measures.”

Soros ends with a plea: “We need to do whatever we can to convince Germany to show leadership and preserve the European Union as the fantastic object that it used to be. The future of Europe depends on it.”