Global Independent Analytics

EUROPE REFUGEE CRISIS: EU SAYS 3 MILLION MORE MIGRANTS COULD ARRIVE BY THE END OF 2016

By the end of 2016 the Union will accept three million more refugees despite the fact that the migration system is functioning on its breaking point

CBC News

 

As figured by the EU, by the end of 2016 the Union will accept three million more refugees despite the fact that at the moment the migration system is functioning on its breaking point, keeping asylum for those who have already arrived.

So far in 2015 more than 700,000 fleeing war foreigners have entered Europe, astonishing immigration authorities, and as economic prognosis demonstrates, the flow is not likely to decrease until 2017.

The executive Commission of the European Union supposes that approximate number of arrivals over the period of prediction equals 3 million persons. Despite the fact that for the moment it is complicated to estimate possible effect that might be caused by the refugee collapse because of the lack of data, the EU insists that the crisis would bring not only supplementary budget disburse, but also insignificant positive result on European economies in the nearest future.

After entering Europe through Greece and Italy, the immigrants then are distributed between Germany, Hungary, Sweden and Austria who in their turn want to exercise budget rules adaptively since the current refugee situation is the biggest emergency in Europe’s history. These nations also are likely to be a subject of admonishment by other EU countries for disproportionate spending.

The GDP impact of the crisis is calculated somewhere between 0.2-0.5% with Turkey suffering most since it has the highest rate of refugees per unit of population.

Although it is yet unknown if budget policy would be corrected according to possible impact, it was reported that the issue will be taken into account and those who have experienced larger distress might be granted special conditions since other members of the Union agree to it.

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