Soros warns EU of 'existential crisis' ahead of Brexit talks

Problems are exemplified by Brexit

Mike Sheen
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George Soros warns EU on Brexit talks. Photo: Niccolò Caranti/Creative Commons CC BY-SA 2.0
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George Soros warns EU on Brexit talks. Photo: Niccolò Caranti/Creative Commons CC BY-SA 2.0

The European Union is facing an "existential crisis", veteran investor George Soros warned, adding that the bloc should not let protracted Brexit talks distract it from making vital reforms.

Soros wrote in an article published by Project Synficate that Europe requires "salvation and radical reinvention" to save itself from threats from within, as well as those outside of its jurisdiction. "Negotiating the separation with Britain will divert the EU's attention from its own existential crisis, and the talks are bound to last longer than the two years allotted to them," he said. "Five years seems more likely." Soros said the EU should take a "constructive spirit" into its approach to Brexit negotiations, while working to make itself attractive again to people, especially you...

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