From Economic Policy Journal:

Oligarch George Soros, during a panel discussion at a conference in Vienna, said...

Let's face it: We are on the verge of an economic collapse, which starts, let's say, in Greece... but could easily spread. The financial system remains extremely vulnerable...

He also said, as reported by Reuters, that a country will eventually exit the euro zone and urged policymakers to come up with a "plan B"...

The euro had no provision for correction. There was no arrangement for any country leaving the euro, which in the current circumstances is probably inevitable.

Two points. Soros is correct. A financial collapse could occur, but it need not damage anyone beyond...

Read full article...

More from George Soros:

Gold selling sets in... Huge George Soros fund selling gold

Billionaire George Soros: Conditions are "pretty perfect" for gold

Billionaire investor George Soros: China is "losing control" of its economy