Project Syndicate recently published an article by George Soros. In the article, Soros stated that the European Union should be more concerned about the flood of refugees coming into Europe than ISIS or other terrorist concerns. Soros explained that the only way the terrorists will when is if Europe gives into fear. However, if Europe does not address and fix the refugee crisis, they will inevitably crumble.
Soros explained that the European Union is currently facing too many problems. These problems include Greece’s debt, terrorism and now the refugee influx. Soros also states that the European Union and the United States should understand that there are parties in the world that want the European Union to fail and so they are trying to exacerbate the situation. One individual that Soros mentioned by name was Russian President, Vladimir Putin.
Forbes billionaire Soros said that Putin is under pressure. Russia’s foreign debt will mature in 2017 and oil prices are falling, these two issues, in combination with a few other economic problems, will cause the current Russian regime to fall. Putin’s only hope is that the European Union will fall first. If the EU falls, there will be no one to enforce policies such as the sanctions on Russia.
In order to make the European Union crumble, President Putin is attempting to flood Europe with refugees. He is bombing civilian regions of Syria. Tens of thousands of Syrians are fleeing with hopes of gaining asylum in Europe. The current climate of public opinion in Europe is not accepting of foreigners and major problems will arise if the refugee influx is not handled.
George Soros cares deeply about this problem because he greatly admires and respects the European Union and the principles that it was founded on. Soros is a big proponent of more open societies, more human rights for individuals and more transparent governments. This is likely due to his childhood in Hungary where he first lived under Nazi occupation and then under communist rule.
When he was 17, Soros fled to London and attended the London School of Economics. Soros then went to the United States where he had decades of success in the investment world. He made billions for himself and others, first working for New York investment firms and then creating his own hedge fund, Soros Fund Management.
In the 1980s, Soros felt he had made enough money so he switched his focus to philanthropy and found the Open Society Foundations. Ever since then, Soros has been actively advocating for individuals and their rights. The foundation is now operating in more than 100 countries globally and is attempting to spread the very same principles that the European Union holds so dearly.