Europe

George Soros Predicts the Collapse of the European Union (EU)

Europe, Interviews, Predictions
  "It's much better to face harsh reality than to close your eyes to it." That's a quote from a recent interview by Gregor Peter Schmitz of the German magazine WirtschaftsWoche with financier George Soros. It sums up the interview because, according to Soros, the European Union (EU) is now facing five or six crises at once. He says it's better to acknowledge problems than to pretend they don't exist. That's the only chance you have of solving the problems. The first crisis is Greece, which is still greatly in debt, and, therefore, economically depressed. Soros cites Putin and Russia's invasion of Ukraine as another one, including continuing economic and political problems in that country. Another crisis is the upcoming British referendum on whether or not to withdraw ...