Home ยป “Mercantilist politics”: Soros criticized Merkel for Europe's gas dependence on Russia

“Mercantilist politics”: Soros criticized Merkel for Europe's gas dependence on Russia

by alex

Soros put the blame for Europe's dependence on Russian gas directly on “special agreements” ex-German chancellor Angela Merkel with Moscow.

American billionaire financier and philanthropist George Soros accused former German chancellor Angela Merkel that because of her policies, European countries became dependent on Russian energy.

Soros said this at the World Economic Forum in Davos, Politico reports.

According to him, the dependence of European states on Russian energy carriers remains high – “mainly due to mercantilist policies” then-Chancellor Angela Merkel.

The billionaire also chided Merkel that “she entered into special agreements with Russia for gas supplies and made China Germany's largest export market.”

“This made Germany the most efficient economy in Europe, but now you have to pay a big price. The German economy must be rebuilt. And it will take a long time,” Soros said.

George Soros praised European Commission President Ursula von der Leyen for finding ” a strong European voice.”

The financier added that although Olaf Scholz was elected to continue Merkel's policy, the new chancellor “seems to be doing the right thing in the end”, in particular, he abandoned Nord Stream 2, increased defense spending and sent weapons to Ukraine.

Earlier, George Soros said that the war in Ukraine could be the beginning of the Third World War, which civilization will not survive.

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