Soros: Brexit triggered a crisis akin to 2008 in Europe

JULIEN WARNAND

Soros Fund Management President Georges Soros speaks during a conference at the Bozar Palace in Brussels, Belgium, 07 November 2014. The conference was entitled 'Good Morning Europe, Now or Never'.

German orthodoxy stands on the way of Eurozone recovery argues the billionaire


Billionaire and philanthropist George Soros told the European Parliament on Thursday that Brexit “unleashed” a financial crisis akin to the 2007-2008 Lehman Brothers meltdown.

Soros described Brexit as a “trigger” rather than a cause iof an unfolding crisis characterized by  “… deflationary trends that were already prevalent.” With a weak banking sector, Soros predicts financial market turbulence and further tests to the integrity of the Eurozone.

Aiming specifically at “restrictive fiscal...


This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now