US investor George Soros and 95 well-known economists, businessmen and politicians have sent a letter published by The Financial Times, warning Europe against a collapse of the global financial system.
They gave the authorities of 17 European states advice on a solution to the situation, calling for a legal document to be passed on formation of a single Finance Ministry. Specialists also advised improving the monitoring of banks and a common strategy for consolidation and economic growth to be formed.
Russian economists say that instability in the euro zone will not affect EU partners. Regional initiatives, including Prime Minister Vladimir Putin’s proposal to form the Eurasian Union, may secure the situation for Russia.
