The ex-German Chancellor was slammed by Mr Soros for her “mercantilist policies” while he addressed the World Economic Forum on Tuesday.
However, Mr Soros was full of praise for European Commission President Ursula von der Leyen, who he claimed had a “strong European voice”.
He said: “Europe’s dependence on Russian fossil fuels remains excessive, due largely to the mercantilist policies pursued by former Chancellor Angela Merkel.
“She had made special deals with Russia for the supply of gas and made China Germany’s largest export market”.
He added that current German Chancellor Olaf Scholz “always seems to do the right thing in the end”, referring to the decision to halt the Nord Stream 2 pipeline and send arms to Ukraine.
This news comes as Ms von der Leyen told POLITICO that EU leaders were not likely to reach an agreement on sanctions against Russian oil when they meet next week....