George Soros Plan for Refugees

Researchers at the Kiel Institute for the World Economy and at the Cologne Institute for Economic Research on independently have found that the refugees will cost the German government approximately 50 billion euros annually for the next two years.

There findings suggest that the German government on will spend 12,000 euros per refugee annually to provide housing, food and welfare. Additionally, the findings suggest that the government will spend 3,300 euros annually per refugee for language and integration classes. While the stream of new refugees to Germany has slowed from a high of 1.1 million in 2015, officials expect about 800,000 this year and 500,000 refugees in 2017. The problem is that many of the refugees are unable to move on. Therefore, officials expect the total number of refugees to reach 1.525 million people in 2016 and 2.163 million in 2017.

Multiply those totals by all the countries involved in housing refugees and you start to see the magnitude of the problem. Many officials say that this is the biggest change to occur in the European Union since the fall of the Berlin wall.

Financial billionaire investor George Soros says that the European Union must come up with a workable financing situation or the European Union is in mortal danger, according to an article published via CNBC. The outspoken hedge fund operator says that the European Union should rely on their AAA rating to borrow $34 billion immediately. George Soros also says that the government should use the $68 billion in the surge fund controlled by the European Financial Stabilization Mechanism (EFSF) and the Balance of Payments Assistance Facility to help with the immediate needs of the refugees.

George Soros is one of the wealthiest individuals alive. He was born in Hungary to a Jewish family and felt persecution which forced his family to flee the country. He still maintains dual citizenship in both the United States and Hungary. Since he has enough money to live comfortably, George Soros created the Open Society Foundation. One of the goals of this organization is to allow people to live where they want to live and can make a living for their families.

He has created a plan that he feels would be the best solution to dealing with the refugees. Most of these individuals are fleeing from the Civil War in Syria that has already lasted over five years and shows no signs of ending. His plan includes the European Union accepting a million refugees each year with each country sharing the burden equally. Secondly, he calls for the European Union to support the refugees in Lebanon, Jordan and Turkey. Third, he believes that the European Union should create a single EU Asylum and Migration Agency supported by all 28 countries. In his opinion, this agency should include a border patrol that has a unified policy. Fourth, he believes that a plan must be created so that refugees can make it safely from Greece and Italy to countries where they want to live with most refugees desiring to live in the northern part of the European Union. Finally, he calls on the union to work with private groups to help support the refugees.