Monday, April 18, 2016

Study of the Ifo Institute Economic weakened: EU suffers through … – ABC Online

 
 
 
 

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The border checks in four European countries due to the influx of refugees have cost a billion amount the economy. Europe’s performance had declined by nine to 15 billion euros a year, writes the “Süddeutsche Zeitung”, citing a new study by the Ifo Institute.

 

The longer waiting times increase the cost of transport, thereby increase the cost of goods and reduce the trade. They also keep tourists on the travel and hinder the many companies that have switched their production to a supply of parts “just in time”.

Since mid-2015, Sweden, France, Germany and Austria have exceptions to the Schengen Agreement sought to control refugees at the borders. As the “SZ” further writes, determined the Ifo economic loss 27-65 billion euros per year, when the border controls would be extended to all 22 Schengen countries. Thus, the Munich researchers are according to the report lower than other studies previously.

  chz / dpa
 


 

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