Soros: Tragedy of the EU

|By:, SA News Editor

George Soros' "worst expectations" in regards to the EU have been "fulfilled," he says, and the bloc faces 25 years of Japanese-style stagnation. While Japan - being one nation - has survived, the EU may not.

Soros naturally blames the creditors (i.e., the Germans), and finds it alarming that the EU's banks - when they should be providing capital to boost growth - are instead hunkered down to try and pass the ECB stress test.

His comments come amid the launch of his latest book, "The Tragedy of the European Union."

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