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Soros Says a Euro Exit Mechanism Is 'Probably Inevitable' Amid Debt Crisis
Billionaire investor George Soros said it’s “probably inevitable” that a mechanism will have to be put in place to allow weaker euro-region economies 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 at a panel discussion in Vienna today on whether liberal democracy is at risk in Europe. “The financial system remains extremely vulnerable.” Concern Greek lawmakers will fail to pass austerity measures to ensure the next installment of the nation’s bailout is roiling global markets and pushed the ... (full story)
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