August 15, 2011
George Soros, the US speculator turned billionaire philanthropist, has suggested both Greece and Portugal quit the European Union and the euro-zone because of their massive debts.
“One has so mishandled the Greek problem that the best way forward at present might be an orderly exit” with Greece leaving both the EU and the euro common currency, he said in an interview published Sunday by the German magazine Spiegel.
He suggested the same might go for Portugal.
“The EU and the euro would survive it,” he added.