George Soros – Photo: wikipedia

European Union facing an existential threat, financier says

Soros: Compromise with Hungary, Poland ‘worst of all possible worlds’

US financier George Soros said in an opinion piece published on commentary portal Project Syndicate on Friday that a compromise prepared by German Chancellor Angela Merkel to prevent a veto by Hungary and Poland of the European Union's 2021-27 budget and Covid-19 recovery fund is "the worst of all possible worlds".

“The European Union is facing an existential threat, and yet the EU’s leadership is responding with a compromise that appears to reflect a belief that the threat can simply be wished away,” Soros said.

He said that Prime Minister Viktor Orban’s “kleptocratic regime” and, to a lesser extent, the illiberal Law and Justice (PiS) government in Poland, are “brazenly challenging the values on which the European Union has been built”.

“Treating their challenge as a legitimate political stance deserving of recognition and a compromise solution will only add – massively – to the risks that the EU now faces,” Soros said.

The full piece is available here.

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