Sunday, September 27, 2015

German committing "economic suicide" in its acceptance of refugees

So says the Czech fin min  Andrej Babis on TV Prima.

  • budget spending on handling refugee crisis will hurt the German economy
  • system of mandatory quotas for migrants will fail
  • most refugees are economic migrants headed to Germany
A reminder of the economic cost of / fall-out from the refugee crisis that I've highlighted here previously
Germany is expected to take 800,00-1m refugees/migrants this year
Eurozone recovery is already fragile and this can only add to the burden
The UK will have its own issues/problems too
    Taking in vast amounts of refugees will have economic consequence