Soros attacks EU for failure to stand up to America
GEORGE Soros, the Hungarian-American financier who has invested his billions in encouraging democracy in eastern block countries is turning his attention to western Europe because he believes the European Union (EU) is failing. The Business can reveal he is to invest hundreds of millions of dollars in foundations, the first of which will be in London or Paris. Their mission will be to encourage Europe to stand up to America and to promote a more focused democratic power. In an interview with The Business he said: “The attitude of the Bush administration has had disastrous consequences; the world needs an alternative and the European Union can provide it.
Sorros says: “The construction of the EU has now missed a step. The political will moving the process forward has run out of steam. The dissatisfaction found expression in the recent rejection of the European Constitution. “The European Union has a mission: the spread of peace, freedom and democracy. The practical message for Europeans is that the world really needs a strong European union with a mission which is different to America’s priorities. Are they doing as much as they could to change the world? They could do a lot more.” He sees no sign of the euro collapsing and accuses investors in Rosneft, the Russian energy group about to debut on the stock market, of folly. “It will be a very risky investment. Investors are buying into a company of which they have no control. Russia wants to use energy as a ruse for reasserting its dominance over Europe. The London Stock Exchange ought to be more discriminating in its listing of foreign companies.” EU-Digest: "the EU member states better listen - Europe needs to plot its own course."
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