George Soros on the Value of Ukraine

George Soros, chairman of the Soros Fund Management and Chairman of the Open Society Foundations, is a renowned columnist and author of many books on financial events and concepts. Writing on the topic of Ukraine, George Soros discusses the sanctions imposed by the U.S. and other European countries against Russia and Ukraine, why these sanctions hurt Europe’s economic growth, and why Europe needs the new Ukraine more than the old Ukraine.

Writing on the topic of sanctions by the U.S. and other European countries against Russia and Ukraine, George Soros argues that Ukraine is an integral part in stimulating the European economy and keeping it fired up. He states that while sanctions are necessary against Russia due to the fact sanctions divert war, it in fact damages each economy, causing economic stagnation instead. Sanctions against Russia, however, should continue to be instated until Putin and Russia decides to back down its aggression.

Soros instead proposes that Europe and the U.S. should provide economic stability to Ukraine in order to jumpstart its economy and bring investors and exports to the country. Instead, Soros says, the European Union treats Ukraine as just another country to provide some financial assistance to instead of reinvigorating its economy. In addition to assisting the economy of Ukraine, the country can eventually return its aid to its creditors, and not only that, a new country would join the European economy.

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George Soros – Project Syndicate

George Soros – Business Leader, Philanthropist

Soros additionally states that it is important to save Ukraine before it is too late. He states that because of Ukraine’s new policies, which haven’t been passed or encouraged to get passed, the country is in a much better state in Europe to bring more to the economy of the Union. Soros says that Europe shouldn’t want the old Ukraine back, one that was dominated by an oligarchy and deterred with corruption. The new Ukraine, Soros argues, would bring more to the European economy. A transformed Ukrainian economy would cause Russia to back down on its aggression and revitalize the crumbling European Union.

George Soros’ writings on the financial situation in Ukraine and Russia offer a glimpse into the solutions of not just stopping Russian aggression, but also avoiding war and economic woes. Since Russia is trying to gain an alliance with China in order to weaken the United States global dominance of the world economy, it is easy to see why George Soros proposes helping Ukraine financially, which would in turn make it easier for Ukraine to defend itself against Russia, causing Putin to lose one battle. Soros says that Europe doesn’t want the old Ukraine back. New Ukrainian policies, which would radically change the country, are the best direction to head in for Europe.

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By George, He’s Got It!

Influential billionaire investor George Soros has joined with many other public figures in pledging his support for Britain to remain members of the European Union just days ahead of the controversial vote about to take place. George Soros claims that a vote in favor of leaving the European Union would send the U.K.’s economy into disarray and play havoc with the value of the British Pound. The results would be worse than that of the infamous Black Wednesday, which happened nearly a quarter of a century ago.

He expressed his concerns in an op-ed piece for Britain’s leading newspaper, The Guardian. George Soros warned that the Pound call fall as much as 20 percent, which would negatively affect the standard of living in the country in a severe fashion. Most voters would be condemning themselves to a life of poverty, while speculators could stand to become even more obscenely rich. This is heavy warning for him to give as Soros made huge amounts of money by betting against the performance of the Pound in 1992.

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Brexit wound: UK vote makes EU decline ‘practically irreversible’, Soros says

George Soros – Project Syndicate

If the Pound does plummet, there is nothing the Bank of England could do to help alleviate the situation, as it did in 1992 by cutting interest rates, because interest is already at a rock bottom level. Since Britain is so heavily dependent on foreign capital at this point in time, the economy would be wrecked. Financial currents would start to flow in reverse as countries still in the European Union would start to demand their loans enter repayment status. British businesses would also be far less likely to invest due to market uncertainties. This would virtually dismantle the current export infrastructure.

Countries around the world are awaiting the vote with bated breath as markets remain volatile with the anticipation of the uncertainty that lies ahead.

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