Soros warns euro crisis could divide Europe

DAVOS, SWITZERLAND: Billionaire financier George Soros is warning that Europe could potentially fall apart because of a ``two-speed Europe'' that is being perpetuated by the reform of the embattled euro.

He told a news briefing Wednesday on the sidelines of the World Economic Forum that the currency used by 17 EU nations is in the process of reform following concerns over the debt crisis that enveloped Greece and Ireland and is threatening others.

But he said the reforms are not addressing the euro's real problem, that the currency has divided the richer EU countries from the poorer ones. Soros called for a European-wide stimulus that can spur growth in countries that have been left behind.

Otherwise, he said, ``Europe potentially could fall apart because of this two-speed Europe.''