Essays

Europe Must Stand Up to Hungary and Poland

  • Project Syndicate
  • November 18, 2020

Hungary and Poland have vetoed the European Union’s proposed €1.15 trillion ($1.4 trillion) seven-year budget and the €750 billion European recovery fund. Although the two countries are the budget’s biggest beneficiaries, their governments are adamantly opposed to the rule-of-law conditionality that the EU has adopted at the behest of the European Parliament.

The Great Anticipator

  • Mario Calvo-Platero, La Repubblica
  • August 11, 2020

George Soros is one of the most iconic financiers of the century. He is the man who in 1992 “broke” the Bank of England, the philanthropist who has given away $32 billion to promote open societies, the political pugilist who has sparred with Donald Trump and Viktor Orban.

Perpetual Bonds Could Save the European Union

  • Interview Given to De Telegraaf
  • May 22, 2020

In an interview, published today, George Soros has set out how the European Union (EU) can maintain its AAA rating and finance its COVID-19 recovery package.

Through supporting ‘perpetual bonds’ – or ‘Consols’, as they are known in the UK and US – Mr Soros believes the EU can address the dual crises of COVID and climate change, which currently threaten the bloc.

Eeuwigdurende obligaties kunnen de Europese Unie redden

  • Interview met De Telegraaf
  • May 22, 2020

In een vandaag gepubliceerd interview heeft George Soros uiteengezet hoe de Europese Unie (EU) haar AAA-rating kan behouden en haar COVID-19-herstelpakket kan financieren.

Door het steunen van “eeuwigdurende obligaties” – of “Consols”, zoals ze in het Verenigd Koninkrijk en de Verenigde Staten worden genoemd – is de heer Soros van mening dat de EU de dubbele crisis van COVID en de klimaatverandering, die op dit moment een bedreiging vormt voor het blok, kan aanpakken.

The Crisis of a Lifetime

  • Widely Syndicated
  • May 11, 2020

George Soros and Gregor Peter Schmitz

GREGOR PETER SCHMITZ: You have seen many crises. Is the COVID-19 pandemic comparable to any previous one?
 
GEORGE SOROS: No. This is the crisis of my lifetime. Even before the pandemic hit, I realized that we were in a revolutionary moment where what would be impossible or even inconceivable in normal times had become not only possible but probably absolutely necessary.

The Case For Perpetual Bonds

  • Widely Syndicated
  • May 9, 2020

Within a matter of weeks authorities will have to take decisions that will determine the fate of the European Union. The EU can either pull together and fulfill the expectations and aspirations of its citizens or it will continue to disintegrate.

Spain Is Leading the Way on Perpetual Bonds

  • Project Syndicate
  • April 22, 2020

When the European Council’s virtual summit convenes on April 23 to address how the European Union should cope with the economic fallout of the COVID-19 pandemic, it should consider the Spanish government’s submission carefully. Indeed, it should be the first item on the meeting’s agenda.

The EU Should Issue Perpetual Bonds

  • Project Syndicate
  • April 20, 2020

European Commission President Ursula von der Leyen has announced that Europe will need about €1 trillion ($1.1 trillion) to fight the COVID-19 pandemic. This money could be used to establish a European Recovery Fund. But where will the money come from?

Pandemic Requires Comprehensive Debt Standstills

  • Bloomberg Opinion
  • April 16, 2020

By: George Soros and Chris Canavan

The Covid-19 pandemic is a one-two financial punch for developing economies. Not only has it put extraordinary pressure on the budgets of governments, which need to ramp up public health spending and prop up their reeling economies, but it has also caused a sharp exodus of capital from emerging markets.