When billionaire investor George Soros makes predictions, people listen. Over the past decades, his knack for recognizing political and economic trends early has allowed him to build and multiply his impressive fortune. Today, Soros is warning about another impending economic downturn. This time, he argues, the Achilles’ heel of the world economy is the European Union. In a speech at the European Council on Foreign Relations and an article written for Project Syndicate, Soros identifies three pressing issues that he fears could bring down the European project – and outlines his plan to save it. getAbstract recommends his analysis to investors and anybody interested in world affairs.
In this summary, you will learn
- Why the European Union is in a state of crisis,
- How the EU can solve the refugee crisis, and
- Why the EU must abandon its “multi-speed” approach to European integration.
About the Author
George Soros is chairman of Soros Fund Management and of the Open Society Foundations.