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New member states face currency attack after enlargement, says George Soros

The new member states face speculative attacks on their currency after accession to the EU, George Soros, the billionaire currency trader has warned.

Speaking yesterday at the annual meeting of the European Bank for Reconstruction and Development (EBRD), Mr Soros said that the new currencies look "vulnerable" to currency speculation.

"Hungary in particular has suffered from currency instability. The same app...

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