Home > Global news > ‘Eurozone on Verge of Economic Collapse’

‘Eurozone on Verge of Economic Collapse’

Tuesday, 28 June 2011 05:31

 

‘Billionaire George Soros says Europe’s debt crisis has brought the eurozone to the brink of an “economic collapse” and inevitably some of its members will leave the union.

“There’s no arrangement for any countries leaving the euro, which in current circumstances is probably inevitable,” Soros said at a panel discussion in Vienna, Austria on Sunday, Bloomberg reported.┬áHe added, “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.”‘

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