EU Financial Collapse
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When it comes to the world’s largest politico-economic union, the European Union is feared to be on the verge of an inevitable collapse, according to Soros Fund Management’s founder George Soros. The author of The Tragedy of the European Union, Soros has stated on Bloomberg TV that the migrant crisis involving the Middle East has led to instability across the 28 member nations. (CNBC) He explained most of his reasoning in a recent interview with Gregor Peter Schmitz. a journalist of the German magazine producer WirtschaftsWoche.
Soros has made his view very clear regarding German Chancellor Angela Merkel, as the key to preventing the perceived collapse. In the past, Soros has been critical of the chancellor for her austerity policy, which has made his viewpoint as Merkel being a savior a shocking perspective. (georgesoros.com) While he still is against her leadership strategies from the euro crisis, he believes her approach to welcome refugees against the better judgment of other fellow EU countries is the key to restoring stability. Soros relates the current migration crisis to that of the Greek crisis years ago, that the EU needs to be able to adhere to the art of muddling through one crisis after another. (CNBC)
Soros strong views from the topic stem from his personal history as a migrant, surviving the Holocaust as a Jew under the Nazi occupation of Hungary. He points to Merkel in the interview given his knowledge of her having similar personal history on migrant and refugee activities. (GeorgeSoros.com) Soros viewpoints on migrant crisis and economic collapse has been reflected in several of his many books including The Crash of 2008 and What it Means as well as his most recent novel The Tragedy of the European Union. (GeorgeSoros.com) His many years of expertise in the financial sector as well as his cultural experience in immigration allows him to be in a position to best explain the links between immigration reform and its impact on a national and global economy.
Soros, who was born in 1930 in Budapest, Hungary, has spent parts of his life in England as well as the United States. A graduate from the London School of Economics, Soros has been an active philanthropist since 1979, and is the founder of the Open Society Foundations that helps black students attend college at Cape Town University where Apartheid is still a cultural concern. (GeorgeSoros.com) Soros excellence and experience throughout his career leave good reasoning to believe his predictions moving forward are credible, and if so will have the luxury of saying he told you so.