House News Soros warns about the hazard of the collapse of the European Union
George Soros, the billionaire investor, cautioned that a coronavirus pandemic worldwide threatens the European Union if its member countries can not provide perpetual bonds to assist the area’s weak economies.According to Soros, if
the EU does refrain from doing this, it may not be able to cope with the present issues.”This is not a theoretical possibility, it can become a tragic truth,”George Sonos.Soros stated that the EU will need to preserve its AAA credit ranking in order to provide such debt responsibilities;
appropriately, the EU requires the authority to raise taxes to cover the expense of bonds.Soros also recommended that EU authorities could simply sanction taxes, instead of introduce them.Raising the topic of Brexit, Soros remembered Italy, saying
that he was especially worried about the scenario of this nation. “The weakening of federal government help rules
that favor Germany was particularly unfair to Italy, which was currently a sore area in Europe, and after that suffered
the most from coronavirus,”George Soros.In 1992, Soros made a bet against the British pound against the German mark, which required the then British Prime Minister John Major to withdraw the pound from the European Exchange Rate Mechanism(ERM). ASSOCIATED ARTICLES Crypto Prices Twittersphere ABOUT United States FOLLOW United States 1996-2020 FinancialNews.com. All rights reserved. FinancialNews.com is released by EUROVENTURES. No part of this website nor its material can be copied without the previous written approval of EUROVENTURES.