George Soros Explains How The Crisis In Europe Will End: Weaker Economies Will Probably Exit The Euro

"George Soros said at a panel discussion in Vienna today that “We are on the verge of an economic collapse which starts, let’s say, in Greece, but it could easily spread."

The billionaire hedge fund manager whose huge bet on the collapse of the British pound earned him one billion dollars warned about the severity of the Euro crisis, saying, “The financial system remains extremely vulnerable.”

He also explained how the crisis will probably end, according to Bloomberg: it’s “probably inevitable” that a mechanism will have to be put in place to allow weaker euro-region economies to exit the Euro..."

at http://www.businessinsider.com/george-soros-explains-how-the-crisis-in-europe-will-end-weaker-economies-will-probably-exit-the-euro-2011-6?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29#ixzz1QRpguZnt