George Soros Warns Europe: Absorb 500k Refugees Costing $34Bn, Or Risk "Existential Threat"

Authored by George Soros, originally posted at NYBooks.com

The asylum policy that emerged from last month’s EU-Turkey negotiations - and that has already resulted in the deportation of hundreds of asylum seekers from Greece to Turkey - has four fundamental flaws.

All these deficiencies can be corrected. The European Commission implicitly acknowledged some of them this week when it announced a new plan to reform Europe’s asylum system. But the Commission’s proposals still rely on compulsory quotas that serve neither refugees nor member states. That will never work .... http://www.zerohedge.com