Essays

The World Economy’s Shifting Challenges

  • Project Syndicate
  • Jan 2, 2014

NEW YORK – As 2013 comes to a close, efforts to revive growth in the world’s most influential economies – with the exception of the eurozone – are having a beneficial effect worldwide. All of the looming problems for the global economy are political in character.

Europe Needs a Roma Working Class

  • The Guardian
  • Nov 27, 2013
Roma represent more than 20% of new entrants into the labor force in the European Union's newest member states but their living conditions have actually deteriorated since many of them became EU citizens.

Empowering Europe’s Roma

  • Project Syndicate
  • Nov 26, 2013

BUDAPEST – Across Europe, millions are suffering from unemployment and the prospect of a long period of economic stagnation. But no group has been harder hit than the Roma.

There are more than ten million Roma living in Europe, mostly concentrated in the Balkans and in the European Union’s newest member states, especially Romania, Bulgaria, Slovakia, and Hungary.

Angela Merkel’s Pyrrhic Victory

  • Project Syndicate
  • Oct 7, 2013
As far as Germany is concerned, the drama of the euro crisis is over. The subject was barely discussed in the country’s recent election campaign. Chancellor Angela Merkel did what was necessary to ensure the euro’s survival, and she did so at the least possible cost to Germany –

Remarks delivered at the Global Economic Symposium

  • Kiel, Germany
  • Oct 1, 2013
I shall take a holistic approach to the future of Europe. I have developed a conceptual framework, which has guided me in my decisions throughout my adult life. The framework is much broader than the financial markets; it deals with the relationship between thinking and reality.

The Resistible Fall of Europe

  • Project Syndicate
  • May 14, 2013

SOROS: I have been very concerned about Europe. The euro is in the process of destroying the European Union.  To some extent, this has already happened, in the sense that the EU was meant to be a voluntary association of equal states.

Germany’s Choice

  • Project Syndicate
  • Apr 9, 2013

FRANKFURT – The euro crisis has already transformed the European Union from a voluntary association of equal states into a creditor-debtor relationship from which there is no easy escape. The creditors stand to lose large sums should a member state exit the monetary union, yet debtors are subjected to policies that deepen their depression, aggravate their debt burden, and perpetuate their subordinate position.

Remarks delivered at the Center for Financial Studies

  • Frankfurt, Germany
  • Apr 9, 2013
My objective in coming here today is to discuss the euro crisis. I think you will all agree that the crisis is far from resolved. It has already caused tremendous damage both financially and politically and taken an extensive human toll as well. It has transformed the European Union into something radically different from what was originally intended.

Remarks delivered at the Boao Forum for Asia Annual Conference

  • Hainan, China
  • Apr 8, 2013
My assignment today is to give an overview of global financial markets. Well, the situation is very complicated with many cross currents and cross purposes. In order to explain what is happening let me put the current situation into historical context.

Europe’s Crisis of Values

  • Project Syndicate
  • Dec 31, 2012

NEW YORK – Xenophobia and extremism are symptoms of societies in profound crisis. In 2012, the far-right Golden Dawn won 21 seats in Greece’s parliamentary election, the right-wing Jobbik gained ground in my native Hungary, and the National Front’s Marine Le Pen received strong backing in France’s presidential election.