There currently is an epidemic ongoing in the EU system with the flood of asylum-seekers flooding in from the war-torn Middle East who look to escape from the violence. As it stands, the method with which the EU member states transport and accept these immigrants is highly ineffective and it has led to many coming up with alternative solutions to this problem. One of these individuals is George Soros.
George Soros is an extremely successful investor and business man, with his family owned company “Soros Fund Management” boasting upwards of $29 billion in assets. Though this wasn’t always the case, having been born in Hungary during a tumultuous and violent time, he fled to the UK and put himself through the London School of Economics by working on a railroad and as a waiter. This eventually propelled him into the finance scene and he worked for a merchant bank before finally moving to New York and getting started in Wall Street. Through constant perseverance and smart decisions, he amassed enough to start his own hedge fund in 1969 worth about $12 million. From that point on he has made a point of contributing to the community with his wealth, having given away more than $11 billion in his lifetime.
Based upon George Soros’s worldly experience and lifetime dealing with tough financial decisions, he has come up with an effective method of dealing with the asylum seeking issue within the EU with a number of key points. Basically, what he wants to happen would be a process of making things far more organized and efficient in regards to how refugees are processed and integrated. This is done through setting specific minimum amounts as to the number they would like to accept, in this case one million, and by providing a small yearly stipend of $16,800 for the first two years to get them started. Additionally, he would support far greater funding to the bordering countries who currently house these refugees to better allow for them to provide for this huge influx of people, which he would like to see rise from the current $1 billion to roughly $20 billion. It would strongly tie into the demand for the creation of a specific organization to deal with this refugee crisis, and having some sort of unified system would expedite the process massively. Finally, George Soros would like the EU to provide safer channels for the asylum-seekers to reach the European country of their choice, instead of the dangerous passages they currently are faced with and provide community programs to help them integrate into society through the usage of sponsors and government assistance while they get settled. The complete version of these points can be read in the original article he has published on Marketwatch.
While the current situation in the EU is a messy one, Soros provides a fairly concrete process with which to resolve and improve upon the current system, though it would likely take a number of difficult years to implement.
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