Soros Says a Euro Exit Mechanism Is ‘Probably Inevitable’ Amid Debt Crisis
By
Zoe Schneeweiss
June 27 (Bloomberg) — Billionaire investor George Soros said it’s “probably inevitable” that a mechanism will be put in place to allow weaker economies to exit the euro. There’s no arrangement for any countries leaving the euro, which in current circumstances is probably inevitable,”Soros, 80, said at a panel discussion in Vienna yesterday on whether liberal democracy is at risk in Europe. “We are on the verge of an economic collapse which starts, let’s say, in Greece, but it could easily spread. The financial system remains extremely vulnerable.”