EU to face Soviet-style collapse: Soros

In a recent TV interview, head of the Soros Foundation and a key architect of the color revolutions in the former Soviet republics, criticized the former Soviet Union for adopting a series of economic policies which led to the disintegration of the superpower in 1991 and warned that the EU may face the same fate.

On December 26, 1991, the Union of Soviet Socialist Republics, the world’s first and largest Communist state, was formally dissolved into fifteen independent republics, marking an end to the Cold War.

Soros expressed deep concerns that euro crisis may take the EU to the brink of collapse as the settlement of the ongoing financial crisis in the bloc will lead to immense political strife.

The US financier contended that Brussels’ strategies aimed at supporting a unified currency for the bloc will exacerbate EU’s social and political problems, exposing the bloc to the threat of disintegration.

He warned Germany against throwing its weight behind the economic austerity policies of the EU, as the strategy will provoke backlash against Berlin.

In an article in April 2012, Soros predicted that Europe would face a long period of economic stagnation or worse whether or not the euro endures.

ASH/SS/MA

Source Article from http://www.presstv.ir/detail/2013/03/04/291913/eu-to-face-sovietstyle-collapse-soros/

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