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.


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