The Hungarian Prime Minister has accused billionaire investor George Soros of betraying Europe by supporting refugees travelling for the Middle East.

Viktor Orban said a conspiracy of left wingers, influential money movers and unelected leaders were undermining the EU as they try to deal with the migrant crisis.

The Hungarian leader has been an outspoken champion of hardline anti-migration policies, and has built razorwire-topped fences on Hungary's southern borders with Serbia and Croatia to keep out migrants.

The Hungarian Prime Minister Viktor Orban, left, has accused billionaire investor George Soros, right, of betraying Europe by supporting refugees travelling for the Middle East

In a speech in Budapest today, Orban cited Hungarian born Mr Soros as an example, saying the plans of 'well organised money movers, those thinking beyond nation-states and leader who have never been elected' could come to reality.

He said: 'Europe has been betrayed, if we don't stand up for it, the continent will no longer be for those citizens living here.'

Mr Orban also added how it was 'hard to imagine' that large European states with 'huge well-functioning intelligence services' were not prepared for the influx of several thousand refugees to Europe each day.

Hungary has said it plans to challenge the EU's mandatory quota plan for refugee relocation, and not take in any asylum-seekers or migrants sent back from western Europe.

Asylum seekers trek across Slovenia as they try to reach Western Europe after Hungary closed its border

Migrants in Slovenia. Hungary has built razorwire-topped fences on its southern borders with Serbia and Croatia to keep out migrants

'Who in Europe voted to allow people to arrive illegally in their millions and then be distributed?" Orban said during a radio interview.

'What is happening today has no democratic basis," he said, adding that the EU was moving from organisation and legality to 'anarchy.'

'The people of Europe are beginning to wake up, they have realised that immigration is a cultural question, our identity is at stake,' he said.

More than 700,000 people fleeing war and poverty, many of them refugees from conflict in Syria, have arrived in Europe so far this year, with the bulk of them heading for Germany and Sweden.

Slovenia is now their main entry point into the passport-free Schengen zone, with tens of thousands pouring into the country after Hungary sealed its southern borders with razor-wire fences.

More than 700,000 people fleeing war and poverty, many of them refugees from conflict in Syria, have arrived in Europe so far this year

More than 12,600 people arrived in the country of two million people within 24 hours, a daily record, police said on Thursday.

European Commission chief Jean-Claude Juncker chided EU member states for not respecting their pledges of humanitarian aid to tackle the crisis.

'The migrant crisis which we are experiencing will not be over at Christmas, it is a crisis that will last and long-term action is needed,' he told a gathering of European conservative parties in Madrid.