[Ed. – Gee, this looks familiar. Is Soros trying to bring off another “kill the Pound” maneuver, this time to oppose Trump’s security policies and thwart Italian voters’ bid for national autonomy? Pretty pointed targeting of EU vulnerabilities here; as in, the threat is to Brussels, if it doesn’t stand against Trump and European national movements. Creating panic by issuing warnings is Soros’ shtick, after all.]
A surging dollar and a capital flight from emerging markets may lead to another “major” financial crisis, investor George Soros said, warning the European Union that it’s facing an imminent existential threat.
The “termination” of the nuclear deal with Iran and the “destruction” of the transatlantic alliance between the EU and the U.S. are “bound to have a negative effect on the European economy and cause other dislocations,” including a devaluing of emerging-market currencies, Soros said in a speech in Paris on Tuesday. “We may be heading for another major financial crisis.”
The stark warning from the billionaire money manager comes as Italian bond yields have jumped to multi-year highs …