European Union Refugee Crisis Concerns George Soros

The European Union faces one of the most difficult periods of its history on in the coming years as the mounting problems caused by the influx of refugees from Syria multiply. CNBC reports one of the most outspoken critics of the problems facing the European Union, George Soros, has recently published an essay detailing how he would handle the situation in a fair and measured manner. George Soros believes a plan can be created that will better that already created by German Chancellor Angela Merkel and her counterpart in Turkey.

George Soros believes the current plan on forces thousands of refugees to leave the safety of the European Union for Turkey in a bid to reduce the burden the governments and people of the European Union are facing. For George Soros the current plan does not reflect the values of the people of Europe or the European Union, which he feels should stand on the basis of its open borders policy; George Soros believes the handling of the refugee crisis shows leaders of the European Union are incapable of making decisions with more than a short term fix in mind.

The life of George Soros has included many problems in his early life as a Nazi concentration camp survivor and refugee who completed his education in London. After beginning his own hedge fund in the 1960s George Soros found widespread fame for his role in the devaluation of the British Pound in 1992 when he added to his personal fortune that now stands at more than $25 billion. George Soros has used his personal wealth to form his own Open Society Foundations that looks to protect the human rights of people around the world. Read his profile at Forbes.

Soros believes the European Union can absorb between 300,000 to 500,000 refugees each year without placing too much strain on the continent if the influx is handled correctly. Soros feels the latest plan from Angela Merkel simply scrapes together enough money to forcibly move refugees to areas of the European Union and Turkey without their consent. Instead, Soros believes the AAA credit rating of the European Union should be used to obtain a $34 billion loan that will create a basis for providing funding for each refugee entering the continent. George Soros believes creating the correct framework is key to making sure the refugee crisis does not destroy the European Union that is already threatened by the proposed exit from the union by the U.K.