The US billionaire financier, George Soros, warned on Thursday that the policy targeted at preserving the euro may well push the EU to collapse similar to the Soviet Union downfall. The business magnate thinks that efforts of the Eurozone authorities to save the single currency have been exacerbating social and political troubles, thus poisoning the European Union from within and putting it under threat of collapse.
According to Mr Soros, such a deplorable scenario would be evaded if Germany realized the utter inefficiency of its policy to the Eurozone.
Meanwhile, tension within the European Union is building up. In January, David Cameron heading the UK government made a stand against the idea of a union as such and pledged to hold a referendum on the future of Great Britain in Europe.
It happened several times that the United Kingdom announced its plans to leave the currency bloc unless the EU authorities change the membership conditions for the country.
The French President Francois Hollande is also discontent with the EU policy. On February 3, he said he was not ready to sign the agreement on the 2014-2020 EU budget. It is worth reminding that at the November summit the EU leaders failed to reach a compromise on the 2014-2020 budget.
