He says it may “blow apart the EU,” and that’s his optimistic scenario.
The stock markets, particularly in Britain, have recovered. And some investors, including Carlyle CEO David Rubenstein, have said that Brexit “won’t be a calamity.”
George Soros, though, isn’t backing off his prediction of Brexaggedon.
The 85-year-old money manager highlighted “looming dangers” resulting from Brexit before the European Parliament in Brussels Thursday.
“First, it unleashed a crisis on the financial markets comparable only in severity to 2007 and ’08,” he said in a video recorded by CNBC. “This has been unfolding in slow motion, but Brexit is accelerating it.” Read more at Fortune.