George Soros on Reforming the EU Asylum Policy

The new asylum policy that allows refugees to be accommodated in Europe and its consequential flaws was first published through The New York Review of Books, http://www.nybooks.com/daily/2016/04/09/europe-how-pay-for-refugees/ . The policy has been faulted for four main reasons. First, the policy has been characterized as being non-European. The reason for this claim is that it was actually formulated and formalized in Turkey and thereafter implemented in the European Union by Angela Merkel. Second, the policy has not received the necessary funds needed to bring it into force. Thirdly, member states are compelled to take in refugees. This is because of the fact that it was imposed among them. The last deficiency of the policy is that it is slowly turning Greece into some sort of quarantine. Greece lacks the sufficient capacity and resources to fully accommodate the refugees. It is worth noting that the numbers are rising daily.

The good news is that the European Commission has taken note of the above shortcomings of the policy. It has committed itself to make changes to the policy and the entire system. Through its Vice President, the European Commission on http://www.forbes.com/profile/george-soros/ has opened up forums where people and member states can air their views and opinions. The European Union is being called upon to take appropriate measures in addressing the asylum crisis. There are fears that Greece will eventually experience an influx in its population if nothing is done.

A proposal to bring together all the member state resources in order to have an effective policy on https://www.opensocietyfoundations.org/people/george-soros has been raised. Financial support is critical so that countries that are taking in refugees can comfortably sustain them. Refugees are also to be given the opportunity to work and educate their children in the different member countries of the European Union. Thirty billion Euros will be required to ensure the success of this plan. It should be understood that only through this will Europe shield itself from a crisis such as its collapse.

Unfortunately member states are constrained by the strict fiscal rules and lack of the united effort between them. The options are available for Europe is to first increase its tax revenue and second it can re-open the European Commission’s Multi annual Financial Framework. The framework sets limits for the amount of money that the European Union distributes among its member states. To amass the political support needed, all member states must be given equal opportunity to be heard. There is also the proposal to make use of the EU’s triple-A-Credit. It is clear that financial resources from George Soros are major hindrance to achieving this vision and there is need to do all that is necessary to avert an imminent collapse of the EU.

George Soros is a renowned American businessman, investor and philanthropist. He is currently the Chairman of Soros Fund Management. George Soros is also the founder and Chairman of Open Society Foundations. He attended the London School of Economics where he attained a Bachelor and Masters in Philosophy. George makes his views on investment and economic issues public and in turn enjoys a huge public following. George Soros has authored and co-authored several books. He is also a supporter of liberal and democratic political causes all over the world.