This is apropos "EU is 'falling apart' Soros warns" carried by Business Recorder on Saturday. According to it, American financier George Soros has warned that the European Union is 'falling apart'. "The EU is falling apart," Soros told a collection of WEF participants, including journalists. "You have a panic in the European asylum policy," he said. He has said China's economy was experiencing a hard landing, the US Federal Reserve raised interest rates too late, and Republican presidential front runner Donald Trump was "doing the work" of the Islamic State (IS) group.
Whatever Soros, the magnet and philanthropist, has said at the World Economic Forum (WEF) makes great sense. Victor Hugo's 'European dream' is testing the hardest times of its existence. The establishment of the European Central Bank (ECB) has done little or nothing towards creating a greater integration in Europe. The financial crisis of 2008 is still telling on the continent in a meaningful manner. The 'Greek tragedy' in particular is a major cause behind EU's woes. Whatever he has said about the US policy in relation to the IS is nothing but truth.