Soros Reportedly Suggests Reviving 18th Century Bond Scheme to Help EU Weather COVID-19 Cost

The billionaire also described the coronavirus as a threat to “the survival of our civilization”, which “moves very fast and in unpredictable ways”.

Famous philanthropist and billionaire George Soros recently proposed a way for Europe to deal with the costs incurred by the ongoing coronavirus pandemic via what Forbes describes as “forever debt”, delivering his idea via a Q&A “in which his staff asked the questions, rather than a journalist”.

He also described the coronavirus as a threat to “the survival of our civilization”, and lamented about the alleged vulnerability of the European Union which is based on the “rule of law” and “the wheels of justice” that turn “proverbially slowly”, while “the coronavirus moves very fast and in unpredictable ways.”

Soros’ suggestions come as euro, the currency of the European Union, displayed the worst performance amid the currencies of the Group of Ten leading Western industrialized countries since mid-March, Bloomberg notes, blaming this development on the EU’s “failure to rally together against the pandemic”.

The European Commission previously warned that the current crisis might threaten the very stability of the bloc.

Sourse: sputniknews.com