Brexit wound: UK vote makes EU decline 'practically irreversible', Soros says
George Soros
CNBC.com - Javier E. David | @TeflonGeek
3 Hours Ago
The United Kingdom's fateful decision to break away from the European Union makes an eventual dissolution of the 28 member bloc "practically irreversible," billionaire financier George Soros wrote on Saturday.
In a somber post at Project Syndicate, Soros, who rose to prominence by speculating against the British pound—immortalizing him as the man who broke the Bank of England—speculated that the U.K.'s referendum to split from the EU is likely to hasten the breakup of the entire EU.
Brexit, combined with Europe's festering migrant crisis, has created a "catastrophic scenario" that has grave consequences for Britain and the world economy, Soros wrote, "making the disintegration of the EU practically irreversible."
Noting that Scotland is agitating to leave the U.K., Soros said the county itself "may not survive" the decision to leave Europe.
"The consequences for the real economy [from Brexit] will be comparable only to the financial crisis of 2007-2008," wrote the billionaire, adding that a domino effect could potentially end decades of continental unification.
"But the implications for Europe could be far worse," Soros cautioned. "Tensions among member states have reached a breaking point, not only over refugees, but also as a result of exceptional strains between creditor and debtor countries within the euro zone."
3 Hours Ago
The United Kingdom's fateful decision to break away from the European Union makes an eventual dissolution of the 28 member bloc "practically irreversible," billionaire financier George Soros wrote on Saturday.
In a somber post at Project Syndicate, Soros, who rose to prominence by speculating against the British pound—immortalizing him as the man who broke the Bank of England—speculated that the U.K.'s referendum to split from the EU is likely to hasten the breakup of the entire EU.
Brexit, combined with Europe's festering migrant crisis, has created a "catastrophic scenario" that has grave consequences for Britain and the world economy, Soros wrote, "making the disintegration of the EU practically irreversible."
Noting that Scotland is agitating to leave the U.K., Soros said the county itself "may not survive" the decision to leave Europe.
"The consequences for the real economy [from Brexit] will be comparable only to the financial crisis of 2007-2008," wrote the billionaire, adding that a domino effect could potentially end decades of continental unification.
"But the implications for Europe could be far worse," Soros cautioned. "Tensions among member states have reached a breaking point, not only over refugees, but also as a result of exceptional strains between creditor and debtor countries within the euro zone."
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Commentary:
The last article above comes from ´Mr. Bilderberg´ himself, George Soros,considered one of the most evil men in the world,playing our economies like a Las Vegas gambler.
I would advise all the YES voters to do a few googles with the words, Illuminati, Bilderberg, George Soros,and NWO, after which,I am sure,they will quickly change their minds.
Britain took a brave step in setting an example to leave a union going the wrong way, with intentions that are NOT for the best of human kind.
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