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Nov 08, 2018

FT likens Trump’s presidency to the way PM Orbán successfully runs Hungary

The Financial Times in the UK discusses the emergence of billionaire George Soros and the affect his actions have had on both the United States and Europe

One of the world’s leading financial newspapers has likened Trump’s presidency to the way Prime Minister Viktor Orbán successfully runs Hungary.

The Financial Times in the UK discusses the emergence of billionaire George Soros and the affect his actions have had on both the United States and Europe.

The newspaper writes that the clash between Soros and Prime Minister Viktor Orbán escalated in 2015, as a great wave of Middle Eastern migrants travelled to central Europe.

“His name is perhaps the strongest example of those who support anything that weakens nation states,” the prime minister said of Soros at the time. “These activists who support immigrants inadvertently become part of this international human-smuggling network.”

Meanwhile, President Trump and many of his supporters have demonized Soros. He first emerged as a major player in the US political scene in 2004 after he spent US$27m on a failed bid to stop George W Bush’s re-election.

Soros has spent similar amounts on Democratic campaigns, including Hillary Clinton’s, in 2016. In the current election, he has already spent more than US$10m.

The newspaper writes that Soros is by now a well-established focus of Republican attacks. A campaign advertisement at the end of Trump’s successful 2016 presidential campaign targeted him along with former US Federal Reserve chair Janet Yellen and Goldman Sachs’ Lloyd Blankfein and suggested that the billionaire was among those who controlled “the levers of power in Washington”.

Read more here.