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George Soros says Trump has destroyed the Transatlantic Alliance, warns Europe of "existential crisis"



Multi-billion dollar investor and philanthropist George Soros warned Europe that President Donald Trump has effectively destroyed his transatlantic alliance with America, and that the continent is facing an "existential crisis" because of its current turmoil. The survivor from Budapest, Hungary, gave the speech in a speech on Tuesday at the European Council for Foreign Relations He talked about saving the European Union from collapse.

It was Trump's decision to withdraw America from the Iranian nuclear program, despite Britain, France and Germany's request to stick to it, which left the alliance between the US and Europe in shreds, Soros suggested. The future and effectiveness of the Iran Agreement are in serious doubt.

"In recent weeks, not only Europe, but the whole world has been shaken by the actions of President Trump," said Soros, whose Open Society Foundation finances pro-democracy groups around the world.  George Soros Billionaire financier and philanthropist George Soros warned Europe of an "existential crisis". Sean Gallup / Getty Images

"He has unilaterally withdrawn from a nuclear weapons deal with Iran, effectively destroying the transatlantic alliance, and this development will create additional pressure unpredictable It is no longer a saying to say that Europe is in existential danger, it is the harsh reality, "said Soros.

Trump's "America First" rhetoric has led European politicians to rethink the continent's relations with the US, which it has been supporting for decades. Trump once called NATO "obsolete".

After World War II and throughout the Cold War, America was a staunch ally of non-European states and a guarantor of its security from the Soviet threat, especially by NATO

Since the fall of Berlin Wall has extended NATO to former Soviet states, and America retained its role despite the end of the Cold War

But Trump has made it clear that he wants NATO less reliant on American leadership and resources and calls on the Europeans Member states to increase their own military spending.

Although Europe is still strong, it is still relying heavily on America's unwavering support is clouded by uncertainty.

The solidity of the relationship's foundation was tested by Trump's withdrawal from the Iranian nuclear program, which was signed in 2015, and underlined for Europe that Americ reliability is not what it used to be.

Looking at Europe in general, Soros had a clear warning for the future of the European Union, which is in a struggle to save itself from the growing influence of populism and euroscepticism. as in Italy, Hungary and Poland

"The European Union is in an existential crisis and everything that could go wrong went awry," Soros said, marking the beginning of its downturn in relation to the 2008 financial crisis.

"Europe faces three urgent problems: the refugee crisis, territorial disintegrations exemplified by Brexit, and austerity policies that have hampered Europe's economic development," Soros said, adding that "an existential crisis is no longer a phrase, but the harsh reality is that Europe must do something drastic to escape it, it has to reinvent itself. "

The refugee crisis is" exploited "by" unscrupulous leaders "such as far-right President Viktor Orban in his homeland

The Semitic campaign that turned Soros into a hatred figure "is a defender of his version of a Christian Europe that challenges the values ​​on which the European Union was founded and seeks the leadership of the Christian Democratic parties, the majority in the European Parliament, "said Soros.

In order to overcome Soros Orbán and put the European Union back on a solid footing, Soros said it was necessary to renounce an "ever closer union" and "allow the Member States to have more choice instead"

" This would have far-reaching positive effects and, at the moment, the attitudes towards cooperation are negative: Member States want to regain their sovereignty rather than giving it up, "he said.

"But when cooperation produces positive results, attitudes can improve and some goals, such as defense, which is currently best pursued by coalitions of the willing, can qualify for universal participation

" Hard reality can force member states to defend their national interests in the interest of preserving the European Union, "said Soros.


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