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.”
