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?
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.
By: George Soros and Eric Beinhocker
The catastrophic collapse in U.S. employment due to the coronavirus crisis demands far more from the federal government than it has done so far.
Nearly 17 million Americans filed for unemployment in just the three weeks ending April 4.
Since the beginning of its intervention in Syria in September 2015, Russia has not only sought to keep in place its most faithful Arab ally, Syrian president Bashar al-Assad. It has also wanted to regain the regional and global influence that it lost since the fall of the Soviet Union.
Neither the European public nor European political and business leaders fully understand the threat presented by Xi Jinping’s China. Although Xi is a dictator who is using cutting-edge technology in an effort to impose total control on Chinese society, Europeans regard China primarily as an important business partner.
At a dinner last week in Davos, Switzerland, I was asked if I thought Facebook was behaving more responsibly today than it did during the 2016 presidential election.
“Not at all,” I answered. “Facebook helped Trump to get elected and I am afraid that it will do the same in 2020.”
We live at a transformational moment in history. The survival of open societies is endangered and we face an even greater crisis: climate change. It is threatening the survival of our civilization. These twin challenges have inspired me to announce the most important project of my life here tonight.
The greatest—and perhaps only—foreign policy accomplishment of the Trump administration has been the development of a coherent and genuinely bipartisan policy toward Xi Jinping ’s China. The administration rightly declared Beijing a strategic rival and placed Huawei, China’s multinational telecommunications giant, on the Commerce Department’s so-called “entity list” as a national-security threat.
What voters said in last month’s European Parliament election is that they want to preserve the values on which the European Union was founded. But can Europe’s leaders carry out the radical institutional reforms that voters also want?
Last month’s elections to the European Parliament produced better results than one could have expected, and for a simple reason: the silent pro-European majority has spoken.
Thank you for the generous introduction.
It gives me great pleasure to accept this prize.
I feel very honored to join the distinguished ranks of past recipients.
What is most gratifying to me today is your timing.
You make this award at a time when the values of the Open Society are under attack around the world, including the United States.