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TRANSCRIPT: Jeffrey Sachs on the Geopolitics of Peace in the European Parliament

Read the full transcript of Professor Jeffrey Sachs’ speech in the European Parliament at an event titled “The Geopolitics of Peace”, hosted by former UN Assistant Secretary General and current BSW MEP Michael von der Schulenburg, on February 19, 2025.

Listen to the audio version here:

TRANSCRIPT:

PROFESSOR JEFFREY SACHS: Michael, thank you so much, and thanks to all of you for the chance to be together and to think together.

This is indeed a complicated and fast-changing time and a very dangerous one. So we really need clarity of thought. I’m especially interested in our conversation, so I’ll try to be as succinct and clear as I can be. I’ve watched the events very close-up in Eastern Europe, the former Soviet Union, Russia, very closely for the last 36 years. I was an adviser to the Polish government in 1989, to President Gorbachev in 1990 and 1991, to President Yeltsin in 1991 to 1993, to President Kuchma of Ukraine in 1993, 1994.

I helped introduce the Estonian currency. I helped several countries in former Yugoslavia, especially Slovenia. I’ve watched the events very close-up for 36 years. After the Maidan, I was asked by the new government to come to Kyiv, and I was taken around the Maidan, and I learned a lot of things firsthand. I’ve been in touch with Russian leaders for more than 30 years.

I know the American political leadership close-up. Our previous Secretary of Treasury was my macroeconomics teacher 51 years ago. Here just to give you an idea. So, we were very close friends for a half century. I know all of these people.

I want to say this because what I want to explain in my point of view is not secondhand. It’s not ideology. It’s what I’ve seen with my own eyes and experienced during this period.