Posts in Category: Survival of EU

George Soros on Reestablishing European Commission’s Multi annual Financial Framework

According to an op-ed recently written by George Soros and published in The New York Review of Books, the March 2016 EU-Turkey negotiated asylum policy has four serious flaws. First, German Chancellor Angela Merkel working with the Turkish government has tried to impose this policy on the rest of the European Union. Secondly, there is no plan in place to fun the policy which will cost millions of dollars. Third, those seeking asylum on will be placed in countries where they do not choose to live because each country will be forced to accept a quota of refugees. Finally, it contains no plan to deal with the large number of refugees that are already in Germany. According to George Soros, the plan can be salvaged but it will require a major revamp.

Investors and governments around the world on often listen when George speaks because he is one of the wealthiest individuals alive. While he currently supports the presidential campaign of Hillary Clinton, he has given millions of dollars to support American progressive and American liberal political causes. A graduate of the London School of Economics, George Soros is the founder of Soros Fund Management managing the Quantum Fund which is the most successful hedge fund in history generating more than $40 billion.

George Soros points out that the European Commission already acknowledges some of these problems and have already promoted a new policy. Unfortunately, according to George, the new plan still relies on quotas. Instead, he recommends that the European Union acknowledge that they have a problem by infusing it with a huge outpouring of money immediately instead of scraping together a little bit for many years. This outpouring of funds would create good will among refugees who are currently stuck in transit in Greece or marginalized in Middle Eastern countries.

Furthermore, he says that realistic quotas must be established so that refugees can earn a living and provide for their families. George Soros suggests that the correct quota given the current political situation is between 300,000 and 500,000 per year because refugees would be assured that sometime in the near future it would be their turn to move to a new country. Refugees would be given the opportunity to choose where they want to live, however, those who are willing to move to any country would be assured that they could move at a much faster rate.

While many argue that the Soros plan which will cost about $34 billion dollars a year is too expensive, George says it is a much cheaper alternative than collapsing Europe’s Schengen system of open internal borders among twenty-six European state which he claims will cost over $3 billion in loss gross domestic product each year. The fear is that unless something happens extremely quickly, countries will be left in economic dire straights. Therefore, George recommends that the European Commission’s Multiannual Financial Framework be quickly reestablished with the express purpose of dealing with the refugee crisis.


The Collapse Of The European Union Soon To Come, Reports George Soros

The hedge fund manager George Soros who has proven so successful over the course of the 20th century and into the 21st century that he has amassed a fortune of more than $24 billion. The survivor of the Nazi occupation of Hungary in 1944 has recently been giving his opinions on the dangerous position in Europe in an interview with his own Website. Over the course of the 21st century George Soros has been increasing his interests in Europe and looked to expand the role of his charitable Open Society Foundations on the continent.
German Chancellor Angela Merkel has been singled out for particular criticism by George Soros as he studies the effects the many different problems Europe faces from both a political and economic standpoint. The increasing problems in Europe are largely being caused by the inability of European leaders to be proactive in their efforts to halt rising levels of debt and the issues caused by the influx of refugees. Unfortunately, for European leaders the issue of rising refugee numbers entering Europe from Syria is being exasperated by Russian military officials who continue to target civilian buildings in their bombing campaign.

The problems facing Russia have left the country with little option but to use an aggressive foreign policy in a bid to make sure the country has the best chance of averting a major economic collapse in 2017. The lowered oil prices and high levels of economic sanctions introduced by European Union leaders following the Russian aggression against Ukraine have combined to make the downfall of the Union one of the last options open to Russian President Vladimir Putin. An economically strong Poland only adds to the barriers Russia faces between further expansion into Europe, which could be removed with the collapse of the Euro zone single currency.

Over the course of the 21st century the rise of the European Union has stalled with major debts rising in Greece and Ukraine, which German Chancellor Angela Merkel is reported by Soros of handling badly. Coupling these problems with the refugees entering the community from Syria means the borders of many European nations have been closed, reducing the effects of the open society the European Union was established to encourage.