George Soros, the noted financier and activist, wrote an opinion piece that appeared recently on the Project Syndicate website. In his article, Soros gives his thoughts on the European Union as it relates to the Ukraine in terms of economic policy. Soros is uniquely qualified to write on this subject because he is a highly successful hedge fund manager.
Soros mentions that while member nations of the EU are increasingly dissatisfied with how the organization works, most people in the emerging Ukraine desperately want in. He feels that EU policy makers should reflect on this and consider how Ukraine being admitted to the EU could help Europe as a whole. Soros lived in Hungary during his childhood and then later went to college in London, so he has a native understanding of Europe in its entirety.
On the subject of the EU, Soros laments that what started out as an organization to bring the nations of Europe together has turned into a squabbling alliance where wealthier EU nations such as France and Germany have to bail out poorer nations financially. He blames this on the collapse of the Euro. Soros has a degree from the London School of Economics and a great deal of real-world financial experience, so he’s definitely an authority on the economic politics of the EU.
George Soros – Project Syndicate
George Soros – The New York Times
Additionally, Soros is concerned about the threat to the EU from Vladimir Putin. Soros, who lived in communist Hungary, has a first-hand understanding of what constitutes a totalitarian government, and he believes he is seeing one today in Russia. Putin is making a case for the genetic superiority of the Russian people, he points out, and this is a clear example of using nationalistic propaganda to strengthen his own position. Putin, Soros fears, is leading Russia away from Europe and, indeed, threatening the entire EU with his rhetoric.
George Soros writes about how aggressive Russia has been in the Ukraine recently, and he believes that Putin sees an independent and democratic Ukraine as a threat to his own rule. In the meantime, Europe and the United States are doing little to help the emerging Ukraine and bring it closer to them.
To counteract Putin, Soros recommends that the EU give economic assistance to Ukraine. As someone who is accustomed to doing business in amounts of money in the billions, Soros is someone whose opinions on economic aid should be taken seriously. He notes that spending this money will not be popular in the EU, but doing so can be considered an investment. Essentially, Soros strongly feels that the EU needs to come to the aid of Ukraine if for no other reason than to help itself.
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