“There’s no arrangement for any countries leaving the euro, which in current circumstances is probably inevitable,” Soros, 80, said at a panel discussion in Vienna yesterday on whether liberal democracy is at risk in Europe. “We are on the verge of an economic collapse which starts, let’s say, in Greece, but it could easily spread. The financial system remains extremely vulnerable.”
---Soros at Bloomberg
Bill: Which financial system? He can't mean ours too? See comment by Rosenberg in post below on the Market's lack of understanding.