Christian News Updates - George Soros: EU should provide $50bn to Ukraine to pressure Russia Billionaire investor George Soros has called for the European Union to provide Ukraine with $50bn (£33bn) of economic aid and warned that sanctions against Russia may fail to rein in Vladimir Putin. “Sanctions hurt not only the country on which they are imposed but also the countries that impose them,” said Mr Soros in an essay in the New York Review of Books. “By contrast, all the consequences of helping Ukraine would be positive.” According to the financier, the EU’s Balance of Payments Assistance facility and the European Financial Stability Mechanism have unused funds of $47.5bn and $15.8bn respectively. These could be used to support Ukraine by modifying their respective regulations by a qualified majority upon a proposal by the European Commission, he said. “Europe needs to wake up and recognize that it is under attack from Russia,” writes Mr Soros. “Assisting Ukraine should also be considered as a defense expenditure by the EU countries. Framed this way, the amounts currently contemplated shrink into insignificance.” Read Full Article The post George Soros: EU should provide $50bn to Ukraine to pressure Russia appeared first on Trunews:. ift.tt/eA8V8J ift.tt/1Ixv0e5 #trunews #docburkhart
Posted on: Fri, 09 Jan 2015 06:35:12 +0000
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