Soros: Brexit May Last 5 Years and Cause ‘Immense Damage’

It may take the U.K. as long as five years to leave the European Union, with the process set to do major harm to both parties, billionaire investor George Soros said, urging the world’s biggest trading bloc to avoid penalizing Britain and instead focus on reforming itself.

The EU should capitalize on the momentum from election victories for pro-European candidates in The Netherlands and France, and the likelihood of a repeat in Germany in September, Soros said in a Project Syndicate op-ed published Thursday. It can use this to push through long-delayed overhauls, shore up support for the bloc, boost economic growth and overcome the “biggest threat” of all — a banking and migration crisis in Italy, he said.

Brexit “is certain to be immensely damaging to both sides,” Soros said. “Negotiating the separation with Britain will divert the EU’s attention from its own existential crisis, and the talks are bound to last



Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!