Speaking on Bloomberg from Davos, George Soros said that the European Union is facing an existential crisis and that the refugee crisis is leading to the collapse of the European Union.
He also commented on the ongoing Greek debt drama saying that it has no solution. It has reached a boiling point once again, but it is not a major problem at the moment as Europe has bigger issues to tackle.
Soros also expressed again his known support for a new Marshall Plan for Europe, but said he cannot see the idea mustering support in many of Europe’s parliaments.
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