George Soros Cautions Britain Against Brexit
There will be an important vote in Great Britain on Thursday, June 22,2016. The results of the vote will likely be known by Friday morning at the earliest. The subject of the vote is whether Great Britain should leave the European Union (EU) or whether Great Britain should remain in the EU. Billionaire George Soros recently offered his opinion on the issue.
There is a great deal of robust debate ongoing in Great Britain on the topic of whether or not Great Britain should stay in the EU. Many public personalities and political figures are coming out fervently as either “for or against.” Billionaire George Soros feels that the United Kingdom should remain as part of the European Union. He cautioned that leaving the European Union could be disastrous for the British unit of currency, the pound.
Soros pointed out that the lifestyle of the average family would be far worse than before if Great Britain votes to leave. He stated in the Guardian newspaper that problems with the pound’s valuation would be worse than the challenges that the country suffered through in the early nineties. This could cause financial turmoil that is unnecessary and would be destructive. There would be problems with exports and manufacturing and he feels that Great Britain would suffer overall.
Learn more about his profile at Forbes.com.
The European Union is a group of 28 countries in the territorial and geographic region of Europe. The EU began in 1999 with the purpose of fostering free trade among its members and with the rest of the world. The various members of the EU are allowed to withdraw from the union when they vote to do so. The popular abbreviation “Brexit” refers to the possible British exit from the EU.
Billionaire George Soros is the Chairman of Soros Fund Management. Presently eighty-five years old, he is married to his third wife Tamiko Bolton and has five children. He is a noted philanthropist who has given away more than seven billion dollars. He has written many books, some of which include The Alchemy of Finance, The Crisis of Global Capitalism and Open Society.
Learn more about George Soros: http://www.nybooks.com/contributors/george-soros/