GEORGE SOROS PREDICTS EUROPE’S COMING COLLAPSE

George Soros is founder and chair of Soros Fund Management and the Open Society Foundations. He has been an active philanthropist since 1979 when he began providing funds to help black students attend Cape Town University in apartheid South Africa. Today, the Open Society Foundations operate in more than 100 countries working to promote the values of open society, human rights and transparency. Recently, Soros has warned that the European Union is on the verge of collapse after the recent migrant crisis and is in “danger of kicking the ball further up the hill” in its management of the issue.
In recent interviews with the New York Review of Books and Gregor Peter Schmitz of the German magazine WirtschaftsWoche, Soros discussed how he believes German Chancellor Angela Merkel is key to solving the crisis.
“There is plenty to be nervous about,” Soros has said, speaking about Merkel. “As she correctly predicted, the EU is on the verge of collapse. Merkel correctly foresaw the potential of the migration crisis to destroy the European Union. What was a prediction has become the reality. The European Union badly needs fixing. This is a fact but it is not irreversible. And the people who can stop Merkel’s dire prediction from coming true are actually the German people. Now it’s time for Germans to decide: Do they want to accept the responsibilities and the liabilities involved in being the dominant power in Europe?”
In his recently published book, The Tragedy of the European Union, Soros writes that the European Union could soon be a thing of the past. According to the book’s page on Soros’s website, the EU has declined in the past ten years “from a unified global power to a fractious confederation of states with staggering unemployment.” He says that if the EU does collapse and “the former member states are transformed again from partners into rivals, the US and the world will confront the serious economic and political consequences that follow.”
In his interview for WirtschaftsWoche, Soros also had this to say about why he supports Merkel: “[In] the case of the migration issue, she did act on principle, and she was willing to risk her leadership position. She deserves the support of those who share her principles. I take this very personally. I am a strong supporter of the values and principles of an open society because of my personal history, surviving the Holocaust as a Jew under the Nazi occupation of Hungary. And I believe that she shares those values because of her personal history, growing up under Communist rule in East Germany under the influence of her father, who was a pastor. That makes me her supporter.”