Soros: European Union Is In Existential Crisis

Speaking on

, George Soros said that the European Union is facing an existential crisis and it needs a major initiative to fix its problems. He believes that the migration problem is distressing the EU and it is falling apart. Soros thinks that Europe needs the Marshall plan and he is an enthusiastic supporter of Schauble's proposal, but he thinks that it is going to have trouble passing. Greece is still a problem and it has no solution, said Soros. It has been messed up and EU can now only muddle along. The situation with Greece has reached a boiling point, but it is not a major problem at the moment, thinks Soros.