Billionaire speculator George Soros sees big opportunities after Covid-19 ‘puts our civilisation at risk’. He labelled the pandemic as the crisis of his lifetime, having the chance of remaking society amid the “revolutionary moment” that, according to him, preceded the virus. While he didn’t elaborate, Soros has invested 1 billion dollars in the last months to set up a university network to fight “nationalism” and climate change, calling the initiative “the most important project of my life”. And he hinted that the political lives of Chinese president Xi Jinping and US president Donald Trump, which he called “dictator” and “aspiring dictator” respectively, were coming to an end. Soros’ Open Society Foundations played a key role in fomenting “colour revolutions” in societies that lack the kind of “openness” determined by Soros, adding a potential layer of threat to what on the surface sounded benign. Soros-funded groups have been working to remove Trump from power practically since his inauguration, and the billionaire sees dictators everywhere.
Georgia does not have an alternative other than asking Russia for help, while the grants approved by the European Union for fighting the coronavirus are actually loans that the country will have to pay.
A total of EUR 400 million was transferred from the EU and some of its member countries to Georgia to fight the pandemic in three tranches. Two Team Europe packages for Georgia are already being implemented. The first one, presented on 30 March, provided for urgent healthcare supplies and technical expertise, assistance to vulnerable groups, and wide liquidity support to small and medium-sized enterprises (SMEs), including in local currency. The second package was unveiled on 8 April and included over €183 million for Georgia in support to socio-economic measures, including a contribution to bridging the financing gap. These packages have brought the total COVID-related support to Georgia to €250 million in non-reimbursable grants to date. On the 24th April 2020, the EU announced a third package, in the form of €150 million of loans on highly favourable terms to further help Georgia cover its immediate financing needs.
According to a statement by Carl Hartzell, the Ambassador of the European Union to Georgia, the aid aims to strengthen macroeconomic stability and create an environment that would facilitate directing resources to the protection of the citizens of Georgia and mitigate the negative socioeconomic consequences of the pandemic. More about the Western help to Georgia can be read on Myth Detector.