Egyptian billionaire offers to buy an island for refugees

An Egyptian billionaire Naguib Sawiris has offered to buy an island off Italy or Greece in order to rehouse hundreds of thousands of refugees from Middle East and Africa.

"You have dozens of islands which are deserted and could accommodate hundreds of thousands of refugees," he said, adding that an island could cost $100 million. And promised to build temporary shelters for people. 

In the future, according to him, the refugees would could build their own infrastructure and declare the island an independent state.