SOROS: “THE EURO HAS BROKEN DOWN”

"George Soros presented at the INET conference this weekend and offered some very good comments on Europe. Among the important points he makes:

• The Euro is a broken currency system in its current construct.
• The peripheral nations have been rendered to 3rd world status.
• The Euro users are essentially indebted in a foreign currency.
• The political dynamic is going to destroy the Euro
• The European union is at risk of dissolution.
• The Euro doesn’t have to collapse.
• Europe needs to come together and take extraordinary actions to resolve the crisis..."

at  http://pragcap.com/soros-the-euro-has-broken-down