The European Union is in "existential danger" because of "dysfunctional" institutions, a persistent austerity policy and outdated treaties, American billionaire George Soros warned in Brussels on Thursday (1 June).
The Hungarian-born philanthropist, who was speaking at the Brussels Economic Forum, said the EU should use the Brexit negotiations to introduce far-reaching reforms and be "radically reinvented", otherwise it risks ceasing to exist.
"If the European Union carries on w...
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