Soros: ‘Failing to help refugees, Europe fails itself’


Hungarian-born American business magnate George Soros criticized Europe for failing to deal with the current "refugee crises" in an opinion piece he wrote entitled "Failing to Help Refugees Europe Fails Itself", published in the Financial Times yesterday.

According to the businessman, those who are fleeing their homes in hope of safety have to “risk their lives twice: once in fleeing their countries, and again in entering ours.”

Citing history, he says that “the victims of many previous conflicts have had better luck. After the 1956 Soviet invasion, 200,000 Hungarians fled to Austria and Yugoslavia; within months almost all had been resettled in countries as far flung as the U.S., Australia, Brazil and Tunisia.”

According to Soros “in the present refugee crisis the EU has failed to act collectively, leading countries to take matters into their own hands.” He adds that “Hungary is building a fence along its border with Serbia. Frontline states are shirking their obligations under the European asylum system, for instance by failing to provide adequate reception and asylum processing capacity, thus encouraging them to move elsewhere in the EU. France and Austria have temporarily reinstated passport controls at borders.”

Soros ends his opinion piece by saying: “The EU’s migration system must be remade to reflect a more collective and generous spirit — and one that is more faithful to European values.”


Companies Unprepared for Cyberattack Analysis

Companies Unprepared for Cyberattack

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Higher Sugar Prices Raising Holiday Candy Costs Retail

Higher Sugar Prices Raising Holiday Candy Costs

Hungarian Tourism in Croatia Returning to Pre-pandemic Level... Tourism

Hungarian Tourism in Croatia Returning to Pre-pandemic Level...


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.