Soros favours new ways for EU governments to finance huge Covid-19 debts

George Soros, founder and chairman of the Open Society Foundations

George Soros has said that the prospects of the EU issuing Europe-wide perpetual bonds to finance national budgets and the huge Covid-19 costs have evaporated because the continent is "too divided" amid opposition from Hungary and Poland to the EU budget and its recovery package. 

The financier said that the political divisions mean that investors would be unwilling to buy Europe-wide perpetual bonds but would still likely buy perpetual bonds issued by individual national governments.