George Soros’ Billions Won’t Spare Him the Ire of Hungary’s Government 

George Soros Even George Soros' billions can't help him out of the latest bind he's in with his home country's nationalistic government.

Just today, the Hungarian parliament passed a new law that could force George Soros-funded Central European University (CEU) to close its doors after 26 years.

Image Caption: George Soros speaking in Munich, March 20, 2014.

CEU was financed and built by Soros in 1991 in the wake of Hungary's Communist collapse.

Thousands of students, professors, and supporters have rallied in recent days to keep the university open. They cite its historical relevance to the country's history as one good reason.

These protestors likewise demanded the Hungarian government withdraw the draft legislation set to be voted on today.

That withdrawal never came. And the bill was a success...

Specifically, the legislation centered on modifying current Hungarian laws about foreign universities that operate within the country.

But CEU claims that one part of the bill in particular was drafted solely to target the Soros-funded institution....

And George Soros himself...

The Hungarian Government Is Gunning for George Soros

CEU awards diplomas that are recognized by both Hungary and the United States. Other such schools in Hungary only award diplomas that are recognized within the country.

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Hungarian Prime Minister Viktor Orban claimed on Friday (March 31) that this advantage was "cheating" on CEU's part and in violation of national regulations in awarding diplomas.

Orban is also a longtime critic of Soros...

Though CEU maintains that it has never violated any such regulations, its protests went largely ignored by parliament.

And today's new bill all but guarantees the school's eventual closure...

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That's because the legislation mandates that foreign universities can now only award degrees in Hungary if the governments of Hungary and the other country in question sign an accord on the matter within six months of the law taking effect.

Given the recent parliamentary sentiment surrounding George Soros, those deals likely won't be brokered anytime soon. Orban is far from the only member of Hungary's government that wants to see Soros in dire straits.

Hungary's Government Has Turned Against Native Son George Soros

This past January, one of Hungary's four vice presidents, Szilard Nemeth, used a press conference as an opportunity to incite public suspicion about Soros' varying business activities in the country.

Nemeth told the media that the "fake NGOs of the Soros empire are sustained to suppress national governments in favor of global capital and the world of political correctness. These organizations must be repressed by all means and I think they must be culled altogether. I feel the international opportunity has arrived with the election of the new U.S. president."

And this morning, before the parliamentary vote on the legislature, Orban's human affairs minister, Zoltan Balog, told his colleagues that institutions backed by Soros were trying to undermine the government.

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"The organizations of George Soros operating in Hungary and around the world are just such pseudo-civilian agents, and we are committed to stamping out such activity," Balog said, according to Reuters today.

Now all PM Orban needs to secure the bill as official Hungarian law is to get the president, János Áder, to sign it.

That won't take much pressuring at all. Ader is an ally of Orban's and, as the Hungarian president, actually wields less executive power than the prime minister.

Ader's signing would be more ceremonial in nature than formal.

I guess this is "viszlát," George Soros. For now...

Up Next

The true nature of the so-called Social Security Trust Fund would shock most Americans.

All 2.85 trillion of it was spent years ago. The money was replaced with "special obligation bonds" - a fancy word for debt - which are stored in a lonely filing cabinet in Parkersburg, W. Va.

While the Social Security Trust Fund was building, the fact that it's nothing but debt wasn't an issue. But that's all about to change...

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