According to George Soros, the world-famous billionaire and investor, the Brexit, which stands form the Great Britain’s exit from the European Union is nothing but the worst nightmare coming true. He says that after the United Kingdom finally leaves the European Union, the disintegration of the E.U. is going to be just a matter of time.
He says that the United Kingdom is going to be the first to feel the consequences of this unexpected decision. Still, the continental part of Western Europe is going to feel even more considerable consequences over time. At the same time, Great Britain has al chances to become more prosperous and rich relative to other European nations after the Brexit.
Mr. Soros assumes that British citizens won’t avoid considerable financial losses resulting from the Brexit. However, this is a point of concern in mid-term perspective and there is no short-term effect expected.
For those of you who don’t know, George Soros is known for his savvy investment decisions. For example, in 1992, Mr. Soros managed to make a fortune of $1.5 billion on the collapse of the British Pound. At the same time, his investment activities made the Bank of England lose as much as 3,5 billion pounds.
Some experts say hat this was the key reason why the U.K.’s financial authorities delayed their decision to adopt to the common European currency after joining the Eurozone. They also say that later on, they decided to abandon the idea of entering the Eurozone because of Soros. The famous investor is said to have managed to make almost $2 billion during the 2008 global financial crisis.
