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Soros Will Invest $1 billion in the Ukraine, But Others Must Help, Too

Soros also said there was a 33% chance Greece would leave the euro zone.

George Soros Ends Speaking Tour On Bush Iraq Policies

Billionaire financier George Soros told Austrian newspaper Der Standard that he is ready to invest $1 billion in the Ukraine, but insists on Western countries helping private investment there.

Soros also said there was a 33% chance Greece would leave the euro zone. A week ago, Soros figured those odds to be 50:50.

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Soros wants the West to invest as much as $50 billion in a financing package for the Ukraine, as a crucial part of blocking Russian expansionism in the region.

“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, ” Soros said in an interview published 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.”



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