Posted BY: Teresa | NwoReport
George Soros’ Open Society Foundation (OSF), now under the leadership of his son Alexander Soros, is set to drastically reduce its operations in the European Union (EU). This decision follows a series of events, including the foundation’s involvement in supporting NGOs that facilitated migrant arrivals in Europe over the past decade. The move to scale back operations coincides with a planned headcount reduction of at least 40% under Alexander’s leadership.
In a significant shift of strategic direction, OSF plans to undergo substantial restructuring and terminate various regional and global programs. As reported by Bloomberg, the foundation conveyed this change in a letter to grantees in Hungary. The letter highlights the intention to withdraw from and terminate a significant portion of its current work within the EU, reallocating resources to other parts of the world. This decision comes against the EU and its member states already allocating substantial resources to human rights, freedom, and pluralism.
OSF has played a pivotal role in funding philanthropic initiatives across the EU, particularly in its eastern former communist member states such as Hungary, Poland, Slovakia, Romania, the Czech Republic, and Bulgaria. These initiatives have aimed at bolstering democracy, advocating for human rights, and addressing the challenges faced by marginalized groups like the Roma minority. The foundation has also extended its reach to non-EU European countries and regions, including the Balkans and central Asia.
The organization’s headquarters shifted from Budapest to Berlin in 2018 due to mounting pressure from the Hungarian government, led by Prime Minister Viktor Orban, which opposed OSF’s liberal values. OSF’s decision to diminish its presence in the EU coincides with the broader context of changing priorities and evolving dynamics within the region.OSF, which has spent over $19 billion on a range of projects over the last three decades, including $209 million in projects throughout Europe and Central Asia in 2021, is now embarking on a new phase characterized by a significant reduction in EU-focused funding and a redirection of resources toward other global areas. This strategic pivot marks a notable change in OSF’s role and influence in Europe.