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SOROS: “THE EURO HAS BROKEN DOWN”

George Soros presented at the INET conference this weekend and offered some very good comments on Europe.  Among the important points he makes:

  • The Euro is a broken currency system in its current construct.
  • The peripheral nations have been rendered to 3rd world status.
  • The Euro users are essentially indebted in a foreign currency.
  • The political dynamic is going to destroy the Euro
  • The European union is at risk of dissolution.
  • The Euro doesn’t have to collapse.
  • Europe needs to come together and take extraordinary actions to resolve the crisis.

Watch the full video here:

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