Billionaire investor George Soros warns that the European Union could collapse in the same way the Soviet Union did if it doesn’t “wake up.”
The liberal political activist advised in his Project Syndicate column that Europe needs to recognize its enemies, both internal and external.
Europe "is sleepwalking into oblivion and the people of Europe need to wake up before it is too late," Soros wrote.
"If they don't, the European Union will go the way of the Soviet Union in 1991," he said.
The European Union (EU) is experiencing a "revolutionary moment" and the eventual outcome is "highly uncertain," the Hungarian-American investment guru explained.
Soros said Europe needed to recognize its enemies and then "awaken the sleeping pro-European majority and mobilize it to defend the values on which the EU was founded."
"Otherwise, the dream of a united Europe could become the nightmare of the twenty-first century."
Meanwhile, Prime Minister Theresa May is expected to tell British lawmakers on Tuesday they must hold their nerve over Brexit to force the European Union to accept changes to the divorce deal that would pave the way for an orderly exit.
The United Kingdom is on course to leave the European Union on March 29 without a deal unless May can convince the bloc to amend the divorce deal she agreed in November and then sell it to sceptical British lawmakers, Reuters explained.
British lawmakers overwhelmingly rejected May’s withdrawal deal last month, with the major sticking point being the Irish ‘backstop’ - an insurance policy to prevent the return of a hard border between the British province of Northern Ireland and the Irish Republic.
For his part, Soros' words aren't his only attempt to offer global advice.
Soros late last month warned of the “mortal danger” of China’s use of artificial intelligence to repress its citizens under the leadership of Xi Jinping, whom he called the most dangerous opponent of democracies, Bloomberg reported.
“The instruments of control developed by artificial intelligence give an inherent advantage of totalitarian regimes over open societies,” the 88-year-old said at the World Economic Forum in Davos, Switzerland. “China is not the only authoritarian regime in the world but it’s undoubtedly the wealthiest, strongest and most developed in machine learning and artificial intelligence.”
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