Leaders of the European Union have recently been seeking the best options to handle the problems affecting the continent wide political group in the wake of the influx of refugees crossing its borders. In a Market Watch article George Soros revealed the steps he would take if in charge of the European Union’s response to the refugee crisis. The large majority of refugees are arriving in Europe from Syria, but other economic and political migrants are also arriving who Soros believes are being lost in the large numbers of Syrian’s fleeing conflict in the country on http://www.nybooks.com/daily/2016/04/09/europe-how-pay-for-refugees/.
George Soros believes the European Union has the ability to accept around one million refugees each year, and could do so with little impact to member states if the refugees are dispersed fairly across the continent. The Hungarian born hedge fund billionaire believes the European Union should be providing financial support to the refugees who have made their way into Europe or are stranded in countries like Lebanon, Turkey and Jordan; Soros hopes the leaders of the European Union on nytimes.com will use their AAA credit rating in a bid to provide support for the four million refugees already waiting to enter the EU.
The history of George Soros shows he has always had a good grasp on the political situation in various parts of the world; perhaps the best example of this is the role Soros played in the devaluation of the British Pound when he made around $1 billion from the Bank of England in 1992. George Soros has built a fortune of more than $25 billion from his hedge fund, which saw growth of around 20 percent each year throughout the latter half of the 20th century.
Now setting his sights on the leaders of the European Union George Soros believes a uniform approach to the immigration problems facing the EU will limit the future issues facing the continent. Soros believes the EU should create a continent wide immigration agency that can establish dedicated routes for refugees and move them to their chosen destination. Soros explains his belief that the EU should use its triple A rating to provide billions of dollars to spend on the refugee crisis in the future; the financial expert explains each refugee could be provided with around $17,000 per year to ease their transition to life in a new country.