Sunday, June 26, 2016

Soros calls for EU reconstruction after the referendum – Boursorama

 June 25 (Reuters) –  George Soros on Saturday called for a complete  reconstruction of the European Union, in order to  save her, although he warned that the British  decision to withdraw meant that ” EU  disintegration is virtually irreversible. ”  The investor and billionaire, who before the  referendum warned against a financial collapse  risk in case of majority for the  “Out”, also found that short and  medium term at least, Britain would suffer much  the decision. “Leaving the EU, Britain will  be found perhaps in the end, without it being safe  rather in a better situation than other countries,  but its economy and its people will suffer greatly  in the short and medium term, “he wrote on  the internet Project Syndicate website. “Now  the nightmare scenario that many feared has  materialized, making the EU disintegration  practically irreversible,” writes George  Soros. “Financial markets worldwide are  likely to remain in the tub area time that will be  negotiated with the EU the long and complex  political and economic process of divorce.”  According to him, the consequences for the real  economy will be comparable to the financial crisis  of 2007-2008. The EU, he continues, is down and no  longer meets the needs and aspirations of its  people. However, it calls for completely  rebuilding. “After Brexit, all of us who  believe in the values ​​and principles that  the EU is supposed to wear must unite to save it,  rebuilding it completely,” the financier.  “I am convinced that as the consequences of  Brexit will manifest themselves in the weeks and  months ahead, a number of more and more people  will join us.” (Bill Rigby; Eric Faye for  the French service) 

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