Billionaire investor George Soros said the eurozone’s debt crisis is threatening the forces that have held the bloc together as well as the ideals that led to the creation of the European Union.
“The euro crisis is threatening Europe’s cohesion and the ideals behind the European Union,” Soros said at the Martti Ahtisaari Day seminar in Helsinki on Friday.
“The attractive idea of equal states being devoted to common goals is threatened, as there is a division between countries. Investors and creditors are in charge,” he said.
Greece’s debt plight has created a “humanitarian crisis” in the nation that has to be recognized, Soros said.
The investor said he is willing to “commit serious financial resources, even as the sums required are probably not within my means.”
Helping Greece needs to be a joint European effort, Soros said.
© Copyright 2022 Bloomberg News. All rights reserved.