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Page last updated at 09:07 GMT, Tuesday, 19 July 2011 10:07 UK

Soros: 'Real crisis' for the EU

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The world markets are in a state of turmoil as the US threatens to default on its debt and an economic crisis laps on the shores of Europe.

Billionaire financier George Soros explains to Today presenter Evan Davis why the budget dispute in the US is "mainly theatre" compared to the "real crisis" of the euro.


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