Mr Soros, famous for making $1bn by betting against the British pound in 1992, did not name any country he thought might exit the currency, but speculation is mounting about the fate of Greece as its politicians struggle to agree more austerity measures demanded by international lenders as the price for staving off bankruptcy.
Mr Soros reiterated his view in a panel discussion in Vienna that the euro had a basic flaw from the start in that the currency was not backed by political union or a joint treasury.
"The euro had no provision for correction. There was no arrangement for any country leaving the euro, which in the current circumstances is probably inevitable," he said.
While he called survival of the European Union a "vital interest to all", he said the EU needed structural changes to halt a process of disintegration.
"There is no plan B at the moment. That is why the authorities are sticking to the status quo and insisting on preserving the existing arrangements instead of recognising there are fundamental flaws that need to be corrected."
The Telegraph
MORE:
http://www.telegraph.co.uk/finance/economics/8599634/George-Soros-says-it-is-probably-inevitable-a-country-will-leave-euro.html
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