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Billionaire investor George Soros has joined a growing number who believe that Greece and perhaps other nations...will exit the Eurozone.
He said it’s “probably inevitable” that weaker euro-region economies will need to exit the single currency.
“We are on the verge of an economic collapse which starts, let’s say, in Greece, but it could easily spread,” Soros, 80, said in Vienna. “The financial system remains extremely vulnerable.”
"I think most of us actually agree that” Europe’s crisis “is actually centered around the euro,” said Soros. “It’s a kind of financial crisis that is really developing. It’s foreseen. Most people realize it. It’s still developing. The authorities are actually engaged in buying time. And yet time is working against them,” he said.
