Tag Archive: GERMANY WOES CONTINUES: Migrant crisis to cost Merkel’s government over a TRILLION pounds


on July 21, 2016 in Featured World News

GERMANY WOES CONTINUES: Migrant crisis to cost Merkel’s government over a TRILLION pounds

MIGRANTS could set the German economy back by more than a trillion pounds after last year’s wave of refugees, an economist had warned. By Vickiie Oliphant Financial economist Bernd Raffelhüschen claims the overall debt in Germany stands at €6.2 trillion, equivalent to more than £5trillion. The western nation has experienced its longest boom since the sixties, as employment reached a new high and social security reported record revenues. But Mr Raffelhüschen claims the tables could soon turn as Germany begins to take into account the cost of the refugee wave of 2015. He states the long term costs of...

MIGRANTS could set the German economy back by more than a trillion pounds after last year’s wave of refugees, an economist had warned. By Vickiie Oliphant Financial economist Bernd Raffelhüschen claims the overall debt in Germany stands at €6.2...

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