June 27, 2011

'Eurozone on verge of economic collapse'

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. Read more.

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