George Soros Proposes 6-Point Plan To Help EU Address The Asylum Crisis

Billionaire philanthropist and financier George Soros is calling on the European Union to implement a comprehensive plan to address the increasingly urgent alysum crisis, urging member states to work together rather than focusing on their own interests.
In a September 29 Marketwatch article Soros said the EU’s failure to develop a common asylum policy has turned the influx of refugees into “yet another political crisis”. Soros outlined a six-point plan to address the situation, stressing that the solution is to establish effective governance and regulate the refugee inflow so it occurs at a pace commensurate with the EU’s ability to absorb the additional population.

Point one of Soros’ plan specifies that the EU must accept a minimum of a million refugees annually for the forseeable future, with the EU providing member states with 15,000 euros ($16,800) per asylum-seeker annually for two years to cover housing and other costs. These funds should be raised with the issue of long-term bonds, Soros said, noting that this would create a fiscal stimulus in the European economy.

Point two of George Soros’ Marketwatch plan involves the EU spearheading a global effort to provide funding to Lebanon, Jordan and Turkey, which are currently housing more than four million refugees. Soros said these frontline countries need at least 20 billions euros annually, and he called on the EU to make a commitment of at least 8 billion euros per year, with the US and other nations providing the balance.

Replacing the current patchwork of 28 separate asylum systems with a single EU Asylum and Migration Agency is the heart of the third point of the plan. This would streamline procedures and establish rules for employment, entrepreneurship, and consistent benefits, Soros said.

Points four and five of the George Soros plan include establishing safe channels to get asylum seekers to their destination country, extending safe avenues to the frontline region, cooperating with the UN Refugee Agency to establish processing centers, and establishing global standards for the treatment of asylum-seekers and migrants.

The final point of Soros’ plan calls for a mobilization of the private sector, reaching out to churches, businesses, and NGOs to act as sponsors as the EU absorbs and integrates more than a million refugees each year.

Soros noted that his plan differs substantially from that of Hungarian Prime Minister Viktor Orbán, who also recently proposed a six-point plan. Soros said Orbán’s plan subordinates human rights and threatens to divide the EU, while his plan reflects a “genuinely European asylum policy” that can put an end to panic and suffering.

Soros of the Open Society Foundations , a hedge fund investor with a net worth of $24 billion, is a noted philanthropist who has made over $8 billion in donations to public health, education, and human rights groups since 1979. In addition to making a $100 million pledge to Human Rights Watch in 2010, he donated $150 million to Gypsies via Roma Rights.

Soros according to manages the $28 billion Quantum Fund and is partnering with Silver Lake, a private equity firm, to invest in clean energy.