Skip to content
Subscriber Only
Business
Economics

Soros Warns Europe Under Russian ‘Attack’’ as Ukraine Seeks Aid

Updated on

Germany praised Ukraine’s new government for pursuing an “ambitious” path to overhaul its economy as the country seeks to expand a bailout that financier George Soros said may require as much as $50 billion.

In Germany to seek new loans on top of Ukraine’s $17 billion International Monetary Fund-led rescue, Prime Minister Arseniy Yatsenyuk warned that Ukraine’s separatist conflict is a threat to Europe and people in the country’s easternmost regions were “hostages of Russian terrorists.” Bond yields fell for a second day as Soros said that the conflict poses a bigger danger to Europe’s economy than Greece.