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Legendary, billionaire investor George Soros says the European Union “is in an existential crisis.”

Morgan Stanley CEO James Gorman responded today saying, “Honestly, I think that’s ridiculous. I don’t think we’re facing an existential threat at all.”

“Gorman, that’s a ridiculous comment,” CEO Keith McCullough says in the video above from today’s edition of The Macro Show. “We’re about to enter the Dark Ages in Europe from a demographic risk perspective and this is a very real risk especially with the European economy slowing.”

Watch the video above for more.

McCullough: Morgan Stanley CEO’s European Crisis Comments Are ‘Ridiculous’ - etf pro