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Billionaire George Soros Ukraine has taken a keen interest in Ukraine. In a recent piece in the NY Review of Books, he identifies and makes recommendations for five big issues facing that nation. George Soros’ depth of understanding about the political and financial challenges facing Ukraine is impressive.

He addresses the issues of corruption, democracy, Russian aggression, and financial policy. George Soros also takes special care to single out actors in the new government of Ukraine. Many of these people, such as finance minister Natalie Jaresko, have given up high-paying jobs in sectors such as investment banking in order to serve their country.

Because of the sincerity involved in the reforms being undertaken, George Soros believes the West should provide more assistance to Ukraine. He sees this as a nation that embodies real democratic values, and as an important potential ally in the region.

One particular view George Soros promotes is that Ukraine should be granted generous debt relief. In looking at the current European landscape, it’s been divided into creditors and debtors. Countries such as Greece are beholden to countries like Germany, and the reforms that the larger country wants implemented. Soros carefully evaluates the roles of figures such as Merkel and Putin in the debt relief process.

Soros writes in unabashed support of Ukraine’s efforts to get a better deal for its debt. George Soros points out the way corruption is being tackled by a new crop of idealistic young political actors. He compares the reforms pursued in Ukraine to the ones demanded by then-US Treasury Secretary Nicholas Brady in the late 1980s. Though Brady is still a player in this world, it seems he would prefer to see Ukraine default. Soros has a big problem with this type of reversal.

With his Open Society Institute, Soros helps support NGOs in the developing world. This organization has had a presence in Ukraine since at least the mid-2000s. Soros understands many of the challenges facing Ukrainian society, in the areas of finance, public health, and infrastructure generally. In recent months, he has called for tougher sanctions against Russia, in retaliation for Putin’s aggression in Ukraine.

Soros possesses a thorough understanding of the conditions that created the crises facing Ukraine. He also has great ideas about how these issues might be solved. With his level of expertise, and commitment to the cause of Ukraine, it seems reasonable to think that he will be heeded. Hopefully, some progress will be made on these issues soon.

Find additional information on George Soros & Ukraine via Open Society

George Soros is a well-known and influential figure in the world of global finance. In 1969, he founded a hedge fund management firm called Soros Fund Management, which has grown to be one of the most profitable firms in the entire industry. However, his work and interests go far beyond simply managing his company. According to a short biography published by Project Syndicate, George Soros has authored several books on global financial and political issues, including The Tragedy of the European Union and The Alchemy of Finance. He is also the founder and chairman of the Open Society Foundations, an international network which provides support for civil society groups in 37 countries.

George Soros is not afraid to give his opinion on political and economic issues from around the world and often writes opinion pieces that are published by many well-known media outlets, both online and in print. One topic that he has recently written about is the situation in Ukraine and the impacts that it could have on Europe and the rest of the world. In an opinion piece co-authored with Bernard-Henri Levy and published in The New York Times, Soros gives ideas on what the world could do to help Ukraine develop into a more prosperous and stable nation.

Read more:
George Soros – Forbes

Europe’s Ukrainian Lifeline

He states that the pro-European protests that have helped oust President Viktor Yanukovych allowed a new Ukraine to be born. Soros sees the Ukrainian people’s actions as a rally to bring in a truly democratic government, eliminate the corruption that was a serious problem in the country and open it up to the modernity that Europe is known for. However, he reminds us that this new Ukraine is being threatened by Russia, which has sent in troops and given various kinds of support to pro-Russian separatists in the Eastern part of the country.

Soros believes that the new Ukraine needs rapid financial assistance from the European Union in order to ensure that it can succeed in its reforms and stand up to the assault by Russia. He states that losing Ukraine to Russia would undermine the rule of law, as it would create a type of Russian alternative to the EU that came about by the use of force. This has the potential to cause serious damage to the image of the European Union both in Europe and around the world. But if the EU takes action to help Ukraine by providing the $15 billion it needs in immediate assistance and making a commitment to provide future assistance to encourage private investment and allow the country to prosper, it could show the world that it is able to stand up to Russia.

In another article written by Soros and published by the Wall Street Journal, the business magnate urges Ukraine’s creditors to provide debt relief so that the country can get back on its feet and have a better chance of achieving the prosperity that it is aiming for.

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