Soros: Europe Needs More Stimulus

Europe needs to be more pro-active in helping Ukraine in its struggle against Russia, billionaire investor George Soros told CNBC on Thursday, stressing that it was in the region’s best interest to do so.

“Europe needs to get its act together and be more active in helping Ukraine fight for itself,” he said in Brussels. “Because Ukraine wants to be part of Europe – effectively, the attack on Ukraine is indirectly an attack on the European Union.”

Western countries have already imposed wide-ranging sanctions on Russia since its annexation of the Crimean peninsula in March, with Moscow imposing tit-for-tat measures in response. Such penalties have affected both European economies and Russia, with companies that do business in both countries especially badly hit.

CNBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.