Essays

Xi’s Dictatorship Threatens the Chinese State

  • Wall Street Journal
  • September 14, 2021

Xi Jinping, the ruler of China, suffers from several internal inconsistencies which greatly reduce the cohesion and effectiveness of his leadership. There is a conflict between his beliefs and his actions and between his public declarations of wanting to make China a superpower and his behavior as a domestic ruler.

This is the time for France to issue perpetual bonds

  • Les Echos
  • March 2, 2021

Medical science will eventually bring the Covid-19 pandemic under control by producing enough vaccines to inoculate everyone. In the meantime, the virus has caused an economic shock of global proportions, worse than the financial crisis of 2008. With the rapid evolution of various strains the experts predict a new wave of infections that may be worse than the previous one.

The Costs of Merkel’s Surrender to Hungarian and Polish Extortion

  • Project Syndicate
  • December 10, 2020

The European Union is facing an existential threat, and yet the EU’s leadership is responding with a compromise that appears to reflect a belief that the threat can simply be wished away. Prime Minister Viktor Orbán’s kleptocratic regime in Hungary and, to a lesser extent, the illiberal Law and Justice (PiS) government in Poland, are brazenly challenging the values on which the European Union has been built.

An Effective Response to Europe’s Fiscal Paralysis

  • Project Syndicate
  • November 30, 2020

I have written a lot in the past about the desirability of the European Union issuing perpetual bonds. But today I am proposing that individual member states should do so.

Right now, it would be impossible for the EU to issue perpetual bonds, because the member states are too divided.

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.