“… country leaving the euro… is probably inevitable… We are on edge of collapse… time to recognize need for change” (George Soros)


From Reuters“Probably inevitable” a country will exit euro; Soros:

“The euro had no provision for correction. There was no arrangement for any country leaving the euro, which in the current circumstances is probably inevitable”…

“There is no plan B at the moment. That is why the authorities are sticking to the status quo and insisting on preserving the existing arrangements instead of recognizing there are fundamental flaws that need to be corrected.”…

“Let’s face it: we are on the verge of an economic collapse which starts, let’s say, in Greece but could easily spread. The financial system remains extremely vulnerable…

“We are on the edge of collapse and that is the time to recognize the need for change.”

Read more.

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This entry was posted in ECB/IMF, Economy, EU, Euro / Sovereign Money, Geopolitics, Quotable Quotes, Solutions and tagged , , , . Bookmark the permalink.

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