Soros says the European Union is now in an existential crisis, surrounded by hostile powers

We can only hope that Mr. Soros lives to see the end of the European Union, an organization with crony capitalism at its very core.

(From CNBC)

Soros said Europe needs to overcome the current “existential crisis” by fighting together against the rise of anti-European sentiment, xenophobic feelings and surrounding “hostile powers.”

“Putin’s Russia, Erdogan’s Turkey, Sisi’s Egypt and the America that Trump would like to create if he could, but can’t,” the U.S. financier added when talking about hostile powers.

He called for an update of European treaties to make the EU work better and allow a “multitrack” bloc where countries would have a wider variety of choices when it comes to integration.

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