By embracing perpetual bonds – or Consols, as they are known in the United Kingdom and the United States – George Soros believes the EU can address the dual crises of COVID-19 and climate change currently threatening the world. In this Q & A, he argues that Consols present a preferable alternative to raising the EU budget. The European Commission should accept them as an interesting idea that deserves further consideration. PROJECT SYNDICATE: Will the negative impact of the coronavirus on the eurozone economy be long-lasting? GEORGE SOROS: Longer than most people think. One of the problems is that the virus ... (full story)