Soros's Terrible Plan to Throw Money at Ukraine

George Soros suggests putting together a $50 billion aid package for Ukraine, but that would only create moral hazard for politicians and bureaucrats.

George Soros passes the hat.

Photographer: ChinaFotoPress/Getty Images

The case President Petro Poroshenko's government has made for international financial support got a boost from the financier and philanthropist George Soros, who urged Europe to put together a $50 billion rescue package for Ukraine. Both Soros's detailed plan and the government's  fundraising efforts face an uphill struggle: The government lacks the credibility to command such a sum, and European nations have better things to do with their money.

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