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Related: About this forumSoros says ready to invest $1 billion in Ukraine if West helps
Source: Reuters
Business | Mon Mar 30, 2015 2:16pm EDT
Soros says ready to invest $1 billion in Ukraine if West helps
VIENNA
(Reuters) - George Soros is ready to invest $1 billion in Ukraine if Western countries help private investment there, and sees a 1 in 3 chance Greece will leave the euro, the billionaire financier told Austrian newspaper Der Standard.
Soros has previously urged the West to step up aid to Ukraine, outlining steps toward a $50 billion financing package that he said should be viewed as a bulwark against an increasingly aggressive Russia.
"The West can help Ukraine by increasing attractiveness for investors. A political risk insurance is necessary. This could take the form of mezzanine financing at EU interest rates - very close to zero," he said in an interview published on Monday.
"I stand ready. There are concrete investment ideas, for example in agriculture and infrastructure projects. I would put in $1 billion. This must generate a profit. My foundation would benefit from this ... Private engagement needs strong political leadership."
[font size=1]-snip-[/font]
Soros says ready to invest $1 billion in Ukraine if West helps
VIENNA
(Reuters) - George Soros is ready to invest $1 billion in Ukraine if Western countries help private investment there, and sees a 1 in 3 chance Greece will leave the euro, the billionaire financier told Austrian newspaper Der Standard.
Soros has previously urged the West to step up aid to Ukraine, outlining steps toward a $50 billion financing package that he said should be viewed as a bulwark against an increasingly aggressive Russia.
"The West can help Ukraine by increasing attractiveness for investors. A political risk insurance is necessary. This could take the form of mezzanine financing at EU interest rates - very close to zero," he said in an interview published on Monday.
"I stand ready. There are concrete investment ideas, for example in agriculture and infrastructure projects. I would put in $1 billion. This must generate a profit. My foundation would benefit from this ... Private engagement needs strong political leadership."
[font size=1]-snip-[/font]
Read more: http://www.reuters.com/article/2015/03/30/us-ukraine-crisis-soros-idUSKBN0MQ0FP20150330
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Soros says ready to invest $1 billion in Ukraine if West helps (Original Post)
Eugene
Mar 2015
OP
the old and tried socialism for the rich where profits are privatised and losses are socialised /nt
jakeXT
Mar 2015
#2
newfie11
(8,159 posts)1. Step up
Or occupy? So his investments would be safe?
jakeXT
(10,575 posts)2. the old and tried socialism for the rich where profits are privatised and losses are socialised /nt
JDPriestly
(57,936 posts)3. It's his foundation that will profit as I read it. The plan is not to promote Soros' personal gain.
MisterP
(23,730 posts)4. he wants to tank the hryvnia even further?