'Inevitable' a country will leave euro, he warns
(NEWSER) - Billionaire investor George Soros had harsh words for the euro zone yesterday, saying it had "fundamental flaws," "no plan B," and that the system is "on the verge of an economic collapse," reports Reuters . The core flaw, says Soros, is that the euro is not backed by a political union or joint treasury, so when something goes wrong with a participating country, there is "no provision for correction," he said. "There was no arrangement for any country leaving the euro, which in the current circumstances is probably inevitable." More»
