Every time George Soros makes a public statement, which he does frequently, the Hungarian political right launches a frenzied attack against him. Interestingly, the Hungarian media didn’t spend much time on an article that appeared in The New York Review of Books (April 9, 2016). In it he explained that European Commission Vice President Frans Timmermans had invited an open debate on the refugee crisis, to which he was responding in his article. The solution, according to Soros, is “at least €30 billion ($34 billion) a year [which] will be needed for the EU to carry out a comprehensive plan.” He suggested that “Europe has the financial and economic capacity to raise €30 billion a year, [which] is less than one-quarter of one percent of the EU’s combined annual GDP of €14.9 trillion, and less than one-half of one percent of total spending by its twenty-eight member governments.”
Soros, however, realized that some members would vehemently object, especially Germany. So, instead, he offered all sorts of financial arrangements that would yield the necessary money without triggering the opposition of Germany and others. The task is urgent because “the refugee crisis poses an existential threat to Europe.”
On June 30 Soros delivered a speech to the European Parliament in Brussels, which was a revised version of the ideas he had spelled out in his New York Review of Books article. The result of the British referendum had a shocking effect on Soros who, upon hearing of the calamitous vote for Brexit, was certain that the disintegration of the European Union was “practically inevitable.” And since, in his opinion, “the refugee crisis … played a crucial role” in the British decision, the EU must act in one way or the other to raise money to solve the crisis and at the same time save the European Union.
I believe he is wrong in thinking that the refugee crisis per se had a substantial influence on the outcome of the referendum. In fact, a quick poll conducted after June 23 showed that “the question of sovereignty was the determining factor for the majority that voted for exit from the European Union.” Unlimited immigration from EU countries was also an important consideration.
But Soros’s linkage of the refugee crisis and Brexit strengthened his argument that the refugee crisis must be solved as soon as possible. In his fairly lengthy speech he talked about the necessity of “profound restructuring” and “fundamental reform of the EU.” He lashed out at “the orthodoxy of the German policymakers,” specifically Angela Merkel, who “ignored the pull factor” created by her initial acceptance of the refugees. Soros also severely criticized her for “her ill-fated deal with Erdoğan” and for her “imposed quotas that many member states opposed and [that] required refugees to take up residence in countries where they were not welcome.”
One would think that Viktor Orbán would have been happy to find an ally in George Soros, but it seems that there is nothing Soros can say or do that would please the Hungarian governing coalition. In fact, they launched a new campaign against him after he addressed the European Parliament. The reason for the government outcry was three sentences he uttered in the course of outlining ways in which the EU could raise the requisite €30 billion yearly. He said,“Finally, I come to the legacy expenditures that have crippled the EU budget. Two items stand out: cohesion policy, with 32% of expenditures, and agriculture with 38%. These will need to be sharply reduced in the next budget cycle starting in 2021.”
The first Hungarian politician to respond to Soros’s suggestion was György Hölvényi, KDNP member of the European People’s Party, followed by György Schöpflin, Fidesz EP member, who accused Soros of trying to make money on his financial advice to the European Union. Magyar Hírlap announced the news of Soros’s speech with this headline: “There are already signs of Soros’s latest speculations.” Naturally, János Lázár also had a few words to say about Soros’s speech in Brussels. He described him as someone who “presents himself as the voluntary savior of Europe” and who “wants to implement wholesale immigration.” Soros has no mandate from the European voters to offer any kinds of proposals, and it is not at all clear who invited him to the European Parliament. An editorial in Magyar Idők portrayed Soros as an emissary of the Clintons: “the face of Washington shows a striking similarity to that of George Soros.” The author added that if Hillary Clinton wins the election, this unfortunate situation will remain in place. Soros’s disapproval of compulsory quotas was dismissed as nothing more than a queen’s gambit.
The spokesman of Fidesz-KDNP on the issue was István Hollik, a member of parliament who was practically unknown until recently. He expressed the governing party’s strong objections to all of Soros’s suggestions, especially cutting back the cohesion funds and the agricultural subsidies “in the interest of the immigrants.” Fidesz-KDNP “expressly calls on the European Union to reject the proposals of the financial Forex speculator.” Naturally, Foreign Minister Péter Szijjártó also commented on Soros’s “totally astonishing ideas.”
None of the Hungarian politicians, or for that matter commentators, spent any time on Soros’s other suggestions, some of which merit consideration. They were fixated on the two items–cohesion funds and agricultural subsidies–that would really hurt the Hungarian government and its coterie of oligarchs. Can you imagine the plight of those who are the beneficiaries of the money pouring in from the European Union? And what will happen to the new landed gentry who purchased agricultural property for the express purpose of getting free money for every hectare from Brussels? Indeed, that would be a calamity.
And then there was the reaction of László Csizmadia, president of Civil Összefogás Fórum (CÖF), a phony NGO most likely financed by the government. In his scenario Hillary Clinton sent her number one scout to the European Union to test her future policies and their reception. Behind global capitalism there is “the financial hidden power,” without which no one can overthrow a political system. Soros has been banned in many countries, and Csizmadia knows that “some kind of Hungarian measure is under consideration that would be similar to a ban.” I do hope that Csizmadia’s information is only a figment of his imagination.