Soros calls for reconstruction of EU

Soros: ‘Now the catastrophic scenario that many feared has materialised, making the disintegration of the EU practically irreversible.’ — Reuters

Billionaire warns ‘disintegration of the EU practically irreversible’

LONDON: Billionaire investor George Soros on Saturday called for thorough reconstruction of the European Union in order to save it, even though he warned that Britain’s vote to leave the bloc makes “disintegration of the EU practically irreversible.” Soros, who warned of financial meltdown if Britain voted to leave the EU before Thursday’s referendum, also said the effects of the decision will likely damage Britain.