George Soros Issues Dire Warning Regarding The European Union

George Soros is a billionaire financier from the United States. Soros claims that if a massive cash injection is not issued to Europe, it will face an epic refugee crisis. He also wrote an article for the New York Review of Books where he claims that there is a humanitarian crisis occurring in Greece. Refugees and asylum-seekers are desperate and need help reaching their destinations in Europe. In 2015, millions of refugees fleeing the Middle East and Africa came to Europe. There is a plan in place to return illegal immigrants in Greece back to Turkey if their application for Asylum is rejected. They will also resettle one Syrian refugee in a Turkish camp for every person sent back to Turkey. According to George Soros in an essay that he had published, he feels that Europe can only take in between 300,000 and 500,000 refugees each year. This number as those that are seeking Asylum that they won’t be turned away as quickly due to an over population or insurgents of refugees in Europe. He estimated that it would cost 34 billion per year to carry out this plan. He feels that if his plan is not enacted, it will cost the EU significantly more. He also feels that this Refugee crisis could cause a collapse of the European Schengen open borders system on http://www.investopedia.com/university/greatest/georgesoros.asp that spans 26 European States. Soros suggests the multi annual financial framework should be amended to increase contributions. He claims that the European Financial Stabilization Mechanism contains 68 billion of the unused funds that you’re up should use for this particular situation.

George Soros is a US investor and political activist of Jewish and Hungarian descent. He became a citizen of the United States in 1961. George Soros was originally born in Budapest Hungary. He lived in Budapest when the Nazis occupied Hungary. He attended the London School of Economics in 1947 and achieved his Bachelor of Science and philosophy during 1951 and achieved an MSC in philosophy during 1954 from the London School of Economics.

George Soros is the chairman of Soros Fund Management and amassed his wealth during 1992 when he made a short sale worth 10 billion making him a billionaire in just one day on Black Wednesday. George Soros is a well-known liberal Democrat on http://www.nybooks.com/contributors/george-soros/ and takes on many political causes. He has donated billions to many different philanthropic and political causes and issues. He has been very active in the political systems in Eastern Europe and gave to higher education in Europe.