George Soros Ukraine is the founder of Soros Fund Management and currently chairs the fund. He is also the chairman of Open Society Foundations and a financial markets expert who has made billions of dollars from the financial and stock markets. Today, he is regarded as one of the pioneering forces behind the huge hedge-fund industry. Soros is a published author with several books under his name. He also writes several open-editorials for top online news outlets. Below are his views on saving Ukraine and why it is important for Europe to support the state.
Soros’ Take on Saving the New Ukraine
According to George Soros, the EU is faced with several internal challenges as well as one external problem that cannot be ignored further. This is the continued aggression that Ukraine faces from Russia. George Soros thinks that despite other pressing EU issues (like the Greece debt crisis or the immigration crisis), Ukraine should be given top priority. This is because the internal crises seem to divide the European Union while the situation in Ukraine would inevitably unite the member states against one external enemy.
Seemingly, a new Ukraine was born when former leader Viktor Yanukovych was ousted in 2014. Soros compares the old Ukrainian state to the old Greece due to the many impediments to reforms and democracy. He said that the state was headed by a political class of oligarchs that exploited its position purely for private gain rather than serving Ukrainians. However, by ignoring the plight of the newly reborn country, the EU risked returning the country back to its old dilapidated state.
Save the New Ukraine
George Soros – Project Syndicate
Soros reveals that his strong connection to Ukraine stems from his own Ukrainian Foundation as well as his many personal involvements with the country. The billionaire actually took several bold steps to ensure that he encouraged the EU to become actively involved in Ukrainian matters. He even went ahead and prepared a winning strategy that he shared with the European Authorities.
Soros holds the opinion that in order to beat Vladimir Putin’s claim on Ukraine, the EU must carefully establish a balance between its support for Ukraine and sanctions levied at Russia. This avoids Russia from looking as the victim bearing the grunt of the entire European Union.
In his winning strategy blueprint, Soros believes that Ukraine should be given effective financial assistance that offers both budgetary support as well as political risk insurance to the current government in power. He also advocates for additional incentives especially for the private sector. This would stimulate economic reforms that would follow the political reforms already underway.
By instigating such strong reforms targeting the political and financial scene in the state, the ripple effects would inevitably trickle down to Russia. Russians would wake up to the realization that Putin’s policies are not working for them and that they too need similar reforms. If Ukraine’s allies combined their assistance to the newly born country and maintain sanctions against Russia, then Putin would be unable to spread his propaganda against the western states. This would be a huge political blow that he would possibly not recover from.
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