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    Hungarian-born US magnate and philanthropist George Soros attends an economic forum in Colombo on January 7, 2016

    'Ridiculous': Morgan Stanley CEO Rubbishes Soros' Claims of Global Crisis

    © AFP 2019 / LAKRUWAN WANNIARACHCHI
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    Earlier this week, globalist billionaire George Soros claimed the European Union (EU) is facing an “existential crisis” and warned of upcoming global economic turmoil, largely as a result of US President Donald Trump’s policies and worsening bilateral relations with the EU.

    James Gorman, CEO of multinational investment bank Morgan Stanley, has dismissed Soros’ claims and pessimistic outlook in an interview with Bloomberg Television in Beijing today.

    READ MORE: Soros: EU is in 'Existential Danger', US Policies Risk Global Financial Crisis

    “Honestly I think that’s ridiculous. I don’t think we’re facing an existential threat at all,” CEO Gorman said on Thursday when asked for his thoughts on Soros’ comments.

    “I think this is something which has been playing out for 10 or 15 years and there is essentially, in many countries, a sense that the average performance of the economy is much better than the individual performance of the citizens in that country. That’s what’s given rise to populism, so I don’t think the EU is under threat at all,” he added.

    He also said that it’s likely the Federal Reserve will soon hike interest rates in response to changing economic conditions.

    On May 29, George Soros warned of an impending global financial crisis and said the US’ withdrawal from the Joint Comprehensive Plan of Action (JCPOA), more commonly known as the Iran Deal, will “put additional pressure of unpredictable force on an already beleaguered Europe.”

    The pro-EU businessman also claimed that Brexit is an “immensely damaging process” and estimated that the UK’s withdrawal from the bloc would take around five years.

    Soros, who has often been accused of meddling in the internal affairs and democratic processes of independent states, recently funded a campaign by the anti-Brexit Best for Britain group to hinder and prevent Brexit.

    READ MORE: Billionaire Soros Announces Launch of New Anti-Brexit Crusade in 'Next Few Days'

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    Tags:
    financial crisis, nuclear weapons, US government, Morgan Stanley, European Union, James Gorman, George Soros, Iran, Europe, United States
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