The survival of the European Union is at stake according to Georges Soros

Georges Soros issues a warning to Europe. “The survival of the European Union is of particular concern to me, in the sense that it is an incomplete Union,” said the American billionaire in an interview with the Belgian newspaper L’Echo. For him, the EU was still “in the making” when the world was hit by the pandemic, “which makes Europe particularly vulnerable – more vulnerable than the United States not only because it s ‘is an incomplete Union, but also because it is based on the rule of law’. “And court proceedings take a long time, while threats like the Covid-19 virus evolve very quickly,” he added.

For him, one of the solutions to prevent the EU from sinking is to issue perpetual bonds. He again advanced the idea in an email exchange with journalists, hooly-news.com said. “If the European Union is unable to envisage it at this stage, it may not be able to survive the challenges it currently faces,” says Georges Soros, for whom the EU must notably help the countries most affected by the pandemic and the crisis, like Italy, “who was already the sick man of Europe” in his eyes.

>> Read also – George Soros will invest a colossal amount against “current and future dictators”

Not to be confused with “coronabonds”

“The relaxation of state aid rules, which are favorable to Germany, has been particularly unfair to Italy” for Georges Soros, who had developed his proposal in the columns of L’Echo. “These bonds that I proposed would be issued by the EU as a whole, they would be automatically proportional, and would remain so in perpetuity. Member States would only have to pay the annual interest, so small – say 0.5% – that the bonds could be easily subscribed by the Member States, either unanimously or

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