The European Union is a very organized and has fostered development among its member countries. Because of common laws and a working currency laws on http://www.biography.com/people/george-soros-20926527 the union has been able to provide services and standards to its citizens that have been envied by many. Member states in the union boast enviable infrastructure and living standards. Job opportunities are easily available as compared to other countries in the world. The flip side to this is that it has attracted many refugees and immigrants from many countries. Before the crisis that hit some countries in Africa and the Arabian Peninsula it was able to cope with the influx. However the crisis in the aforesaid countries has seen an increase of refugee and asylum seekers increase by tenfold. Celebrated economist and billionaire George Soros has already foreseen the impeding danger. In his latest publication Soros stated that the union would collapse if nothing was done to mitigate the problem.
George Soros who is also a philanthropist and an advocate against movement restriction has stated that the union should not turn away the refugees. Some countries responded to the influx by crossing their borders and refusing admission of asylum seekers. It is estimated that more than a million refugees have crossed over to Europe with the intent of settling there. If not correctly planned for this influx of people will exhaust some countries and ultimately lead to the collapse of the union. Greece which is also recovering from an economic crisis is the most affected. Greece is the gate way to Europe hence has seen thousands and thousands of people flock to its borders. George Soros opined in his publication that the Union needed financing raging from $ 30 billion. In his estimates around 300,000 to 500,000 refugees and asylum seekers could be absorbed every year. Under the current understanding entered between the Turkey and the Union illegitimate refugees will be deported back to Turkey while the later will undertake settling of Syrian refugees. George Soros argued that the agreement and the current spending authorized by the union on http://www.marketwatch.com/story/george-soros-heres-my-plan-to-solve-the-asylum-chaos-2015-09-29 would not be able to support the influx. In order to raise the needed money member countries will need to dig deep in their pockets. It was his consideration that the union would not be adversely affected if it raised the said funds. George Soros continued to state the there were numerous avenues in which the funds could be raised. Furthermore the union has a head start since the European Financial Mechanism (EFSF) and the Balance of Payments Assistance Facility had excess money lying in its coffers.
George Soros is a philanthropist and founder of open society. Through his society he has reached to various states and non state organs to champion human rights. His society has facilitated the movement of people from troubled hot spots and assisted them in finding Asylum. He is passionate about refugees because in his childhood he underwent similar challenges.
The original article was published via The New York Review of Books and can be accessed through